- Tight Gas & Oil
- Gas Hydrates
The sale continues Bill Barrett’s focus on the D-J Basin andadds incremental funds at a time when “cash is truly king,” analyst says.
Merit Energy agreed to purchase the company’s Wyoming assets for $870 million. Marathon’s holdings include the 570-mile Red Butte pipeline and waterflood developments in the Big Horn and Wind River basins.
As a part of the deal, Tallgrass will acquire Sempra’s share in the pipeline’s roughly $2.6 billion of debt, which equates to about $640 million.