Denver’s Caerus Oil and Gas LLC is about to swallow the proverbial whale with its $735 million purchase of Encana Corp.’s natural gas assets in the Piceance Basin on Colorado’s Western Slope.
When the deal, announced today, closes, Caerus will have one of the biggest positions in Colorado’s western counties.
And it will be a big step up.
Caerus, a private company formed in 2009, has more than 800 wells, plus “substantial” undeveloped acreage in the basin, according to the company’s…
Denver’s Caerus Oil and Gas LLC is about to swallow the proverbial whale with its $735 million purchase of Encana Corp.’s natural gas assets in the Piceance Basin on Colorado’s Western Slope.
When the deal, announced today, closes, Caerus will have one of the biggest positions in Colorado’s western counties.
And it will be a big step up.
Caerus, a private company formed in 2009, has more than 800 wells, plus “substantial” undeveloped acreage in the basin, according to the company’s…