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Thursday, February 3, 2022

Whiting Exits The DJ Basin -- February 3, 2022

Whiting is tracked here.

In an earlier post, I referenced this article in offshore-technology: Whiting to sell all of its assets in the Denver-Julesberg Basin (DJ Basin) of Colorado:

  • buyer: an undisclosed private entity for $187 million
  • 67,278 net acres
  • includes associated midstream assets
  • Weld County
  • 7,100 boepd, 51% oil
  • back-of-the-envelope:
    • $187 million / 67,278 acres = $2800 / acre
    • $187 million / 7,100 boepd = $26,000 / boepd

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