- Tight Gas & Oil
- Gas Hydrates
The deal marks Encana’s exit from the northwestern Colorado basin where the company held roughly 550,000 net acres and 3,100 operated wells.
Denbury should get needed production growth from the purchase of Salt Creek assets in Wyoming while Linn, pro forma for three asset sales announced in May, will be debt free.
The deal provides capital for EP to drill the Altamont Field and secures an oil supply for Tesoro’s refinery in Salt Lake City.