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A&D - HighPoint to divest non-core Rockies & Permian for $27MM - March 2020
DJ Basin-focused HighPoint Resources is in the process of selling non-core, nonoperated assets that together produced 2,000 boe/d (60-70% oil) during January. Proceeds from the three deals, expected to close in Q2, will be used to reduce debt. “We expect these accretive sales to bring in $27 million, which is approximately seven times the three-year average cash flow,” COO Paul W. Geiger said during a Feb. 27 conference call. The divestments consist of DJ......
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