By OGJ editors
HOUSTON, Jan. 13 -- Delta Petroleum Corp., Denver, expects meaningful results from Columbia River basin exploratory drilling in 2006.
The Anderson 11-5 wildcat is being drilled 25 miles south of the Anderville Farms 1-6 wildcat in Grant County, Delta Petroleum said (see map, OGJ, May 2, 2005, p. 53).
The company transferred its ownership in 427,000 gross (64,000 net) nonoperated acres in the basin to CRB Partners LLC, a wholly owned subsidiary, and sold part of its interest in CRBP to a group of investors for $75 million. Delta Petroleum remains manager and majority owner of CRBP.
The sale excluded Delta's 100% interest in 337,000 operated net acres in the basin.