Denver basin Niobrara gas hunt kicks off

Berry Petroleum Co., Bakersfield, and Bill Barrett Corp., Denver, plan to explore and develop shallow gas in Cretaceous Niobrara in the Denver-Julesburg basin.Berry will acquire a 50% working interest in 345,000 prospective acres in Colorado, Kansas, and Nebraska from Barrett for $5 million, with closing set for early February.Berry in January completed the acquisition from private J-W Operating Co., Dallas, of a 52% working interest in 130,000 acres and more than 650 producing gas wells in 20 fields in Yuma County, Colo., in the heart of the Niobrara play, for $105 million. The deal also included 100% ownership in certain gas compression and transportation assets.The assets acquired from...

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