Storm Cat to acquire Powder River basin properties

By OGJ editors
HOUSTON, July 18 -- Storm Cat Energy Corp., Calgary, is to buy from Denver-based Bill Barrett Corp. 25,200 gross acres (17,000 net acres) in the Powder River basin coalbed methane play in Campbell County, Wyo., for $30.65 million.

The properties are in and around Storm Cat's core Powder River operating area. The acreage is 81% undeveloped, more than 90% of which is on US federal land.

Storm Cat is acquiring an estimated 10.2 bcf of proved reserves, 9.6 bcf of probable reserves, and 7.8 bcf of possible reserves. Production from the acquired properties is 6.6 MMcfd from 64 producing CBM wells, 46 of which Storm Cat will operate.

The properties being acquired are in the Northeast Spotted Horse operating area. The transaction is expected to close by Aug. 30. Upon closing, the transaction's effective date will be July 1.

Related Articles

DOI, Colorado announce Roan Plateau development dispute settlement

12/01/2014 A dispute over development of federal natural gas leases on the Roan Plateau in western Colorado that were issued in 2008 has been settled, the US ...

Bill Barrett sells gas-rich assets, focuses on Wattenberg

10/17/2014 Bill Barrett Corp. has agreed to divest the majority of its acreage in the Powder River basin and its remaining position in the Gibson Gulch area i...

Bill Barrett to divest Powder River, Piceance properties

09/16/2014 Bill Barrett Corp., Denver, reported that it has agreed with several undisclosed buyers to sell the majority of its Powder River basin acreage and ...


11/04/2009 Bill Barrett Corp., Denver, expects net production of 102 MMcfd of gas equivalent at its Gibson Gulch development in Colorado’s southeastern ...

Barrett may give one Uinta shale another try

11/03/2009 Bill Barrett Corp., Denver, expensed as a dry hole in the quarter ended Sept. 30 its first horizontal well on the deep Hook shale gas prospect in e...


11/03/2009 Bill Barrett Corp., Denver, said it expensed four vertical wells in the quarter ended Sept. 30, 2009, at its Circus prospect in the Montana overthr...

Barrett spudding Paradox basin shale well

06/05/2008 Bill Barrett Corp. was spudding in late May its next well in an emerging two-formation shale gas play in the Paradox basin of Colorado and Utah.

Teton appoints Koeniger to land director position

03/26/2008 Teton Energy has appointed E. Russell Koeniger to the position of director, land.

Bill Barrett hires senior VP, operations

04/09/2007 Bill Barrett Corp., Denver, has appointed R. Scot Woodall senior vice-president, operations.
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts

Operating a Sustainable Oil & Gas Supply Chain in North America

When Tue, Oct 20, 2015

Short lead times and unpredictable conditions in the Oil & Gas industry can create costly challenges in supply chains. By implementing a LEAN culture of continuous improvement you can eliminate waste, increase productivity and gain end-to-end visibility leading to a sustainable and well-oiled supply chain.

Please join us for this webcast sponsored by Ryder System, Inc.


On Demand

Leveraging technology to improve safety & reliability

Tue, Sep 22, 2015

Attend this informative webinar to learn more about how to leverage technology to meet the new OSHA standards and protect your employees from the hazards of arc flash explosions.


The Resilient Oilfield in the Internet of Things World

Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.


Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected