Colorado: Austin to acquire Niobrara holdings

By OGJ editors
HOUSTON, June 27
– Austin Exploration Ltd., Perth, said its US subsidiary will acquire 10,486 acres of mineral rights with no depth limitations in the Denver-Julesburg basin in Colorado for $2 million (Aus.).

The parcel is adjacent to Florence oil field in Fremont County. Sellers are Newmont Mining Corp., Cimarex Energy Co., and Prize Energy Corp. Niobrara shale oil production surrounds the tract. Aus-Tex will control no less than an 85% working interest and a 65% net revenue interest in the project.

Austin Exploration has commissioned an independent geologist to complete an oil and gas reserves report over the acreage.

Related Articles

Southwestern Energy to acquire Niobrara acreage for liquids-rich play

03/07/2014 Southwestern Energy Co., Houston, has agreed to purchase 312,000 net acres in northwest Colorado targeting oil, natural gas liquids, and natural ga...

ConocoPhillips reports higher 2013 earnings, expects higher production in 2014

01/31/2014 ConocoPhillips reported full-year earnings of $9.2 billion in 2013, an increase from the $8.4 billion totaled in 2012, which included $1.2 billion ...

PwC: US M&A activity down in 2013 despite strong finish

01/28/2014 The US oil and gas industry finished 2013 strong when it came to mergers and acquisitions, but the late-year push to a total of 182 deals totaling ...

Baker Hughes: US drilling rig count jumps to 1,777

01/17/2014 Land rigs accounted entirely for the sharp 23-unit increase in the US drilling rig count during the week ended Jan. 17, Baker Hughes Inc. reported....

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