Why a Denver company is buying Encana's western Colorado natural gas assets for $735M

DENVER BUSINESS JOURNAL - 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 website.

Read more at the Denver Business Journal: http://bit.ly/2r9d38K

Copyright 2017 Denver Business Journal


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