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BRIEF: Great Western Oil & Gas Company buys wells in Weld County

Great Western Oil & Gas Co., has bought 14 producing wells and 816 net leasehold acres in the Wattenberg Field from an undisclosed seller.

The purchase took place Jan. 16. The price was not disclosed.

“This acquisition is a great example of our strategy to expand our holdings in the Wattenberg Field, particularly during the current period of variability in the industry, and achieve economies of scale throughout our operations in northern Colorado,” said Rich Frommer, president and CEO of Great Western Oil & Gas, in a prepared statement. “We continue to search for additional suitable wells and leasehold acreage located near our current operating locations.”

It continues to pursue acquisitions despite this period of uncertainty in the industry.

Great Western Oil & Gas Co. is an independent, Denver-based exploration and production company with active operations in the Denver-Julesburg Basin in Colorado. It is ranked among the top 10 largest producers in Wattenberg Field in Colorado, according to Business Wire.

This article was from Greeley Tribune, Colo. and was legally licensed through the NewsCred publisher network.

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