Naperville, IL -- (SBWIRE) -- 04/25/2013 -- Reportstack, provider of premium market research reports announces the addition of Caerus Oil and Gas to Acquire Natural Gas Assets from PDC Energy for US$200MM to Increase its Asset Base in Northeast Colorado and Kansas - Deal Analysis from GlobalData market report to its offering
Caerus Oil and Gas to Acquire Natural Gas Assets from PDC Energy for US$200MM to Increase its Asset Base in Northeast Colorado and Kansas - Deal Analysis from GlobalData
Caerus Oil and Gas LLC, (Caerus) has agreed to acquire certain natural gas assets in Northeast Colorado and Kansas, from PDC Energy, Inc. (PDC Energy) for a purchase consideration of approximately US$200MM in cash, subject to purchase price adjustments. The transaction will have an effective date of January 1, 2013. The transaction includes an assumption of all PDC Energy's firm transportation obligations related to the assets to be acquired, as well as certain natural gas hedging positions for the years 20132015. The transaction does not include the acquisition of Wattenberg field acreage in Colorado.
- Rationale behind Caerus Oil and Gas LLC's plan to acquire natural gas assets in Northeast Colorado and Kansas from PDC Energy, Inc. for about US$200MM
- To know about the expansion of Caerus's natural gas asset base in Northeast Colorado and Kansas as a result of this acquisition.
- Geography Covered- US
Reasons to buy
- To understand the strategic intent behind Caerus planned acquisition of natural gas assets from PDC Energy
- To understand PDC Energy's plan to sell its natural gas assets in order to accelerate pace of horizontal drilling program in its core Wattenberg and Utica Shale assets
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