Bayswater expands DJ basin position

Feb. 12, 2024
Bayswater acquired certain oil and gas assets in the Denver Julesburg basin in Colorado from Confluence DJ LLC.

Bayswater Exploration & Production LLC, Denver, recently acquired certain oil and gas assets in the Denver Julesburg (DJ) basin in Weld County, Colo., from Confluence DJ LLC, a subsidiary of Confluence Resources LP, Denver.

In unincorporated Weld County, 10 miles north of Roggen, Colo., the privately held company acquired two adjacent pads developed from two separate surface areas, six producing wells, and 23 drilled but uncompleted wells (DUCs). All wells on both pads are fully permitted by the Colorado Energy & Carbon Management Commission, the company said in a release Feb. 12.

Bayswater expects to begin operations on the newly acquired DUCs in this year’s second quarter. With the acquisition, Bayswater now holds 30,000 acres in Weld County with 320 horizontal wells and daily production of about 30,000 boe/d.

The company in 2022 added to its DJ basin position through a deal with Nickel Road Operating LLC (OGJ Online, July 28, 2022).

In addition to its DJ position, Bayswater holds a 46,000-acre operated position in northern Midland basin in Texas that is currently being developed under a continuous drilling program. Texas operations include 120 producing horizontal wells and 32 DUCs. Operations are supported by a freshwater supply and recycling system, a saltwater gathering and disposal well system, an amine plant (completed in 2023 and operated by a wholly owned Bayswater subsidiary – Tejon Treating and Carbon Solutions), and an oil gathering pipeline network directly connected to the Delek - Big Spring refinery.