Ward Energy Partners, LLC, a firm with major operations and offices in Oklahoma City and Energy has announced the sale of assets in northern Colorado. But the company did not reveal the identity of the buyer of the assets in Adams and Weld Counties nor did it state the amount of the sale.
The assets are prospective for the Codell and Niobrara reservoirs in the Denver-Julesburg basin in Colorado where the company also offices in Fort Collins.
“WEP has been a leading operator in the southern DJ Basin since formation in 2014, and we are pleased we have been able to demonstrate the tremendous potential in this exciting resource play. Because of the deep technical expertise and impressive execution by the WEP team, we have been able to build a world class asset in Colorado,” said Dave Stone, Chief Operating Officer at WEP.
“Our incredible team at WEP, our strong partnership with Trilantic North America and the industry reputation and legacy of Ward Petroleum Corporation have all been foundational to our success,” said Drew Deaton, VP Business Development at WEP.
WEP is an oil and gas exploration and production company formed in July 2014 by Ward Petroleum Corporation, a diversified exploration and production company based in Oklahoma and Colorado, and Trilantic Capital Management L.P., a leading private equity firm based in New York and Texas.
Founded over 50 years ago, Ward Petroleum Corporation (“Ward”) is a diversified exploration and production company currently focusing on the Anadarko Basin in Oklahoma and the DJ Basin in Colorado and Wyoming.