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A&D - Bright Rock acquires mostly operated Wyoming assets - June 2020
Bright Rock Energy, one of four US subsidiaries of Germany’s Deutsche Rohstoff, is acquiring 28,000 net acres (40% HBP) in Wyoming with five wells that produced 300 bbl/d in April. Bright Rock will operate most of the acreage. Several drilling permits have been granted across the acreage, which will be advantageous once oil prices rebound, Bright Rock said. The undisclosed purchase price reflects almost exclusively the value of current production based on the current......
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