oil & gas assets
You have accessed this news story:

A&D - HighPoint to divest non-core Rockies & Permian for $27MM - March 2020



Feed Icon
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......
 
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed







Sign up for PLS Reports
& Web Access!


Already subscribed to Reports?
Sign up for Web Access!
Search For More News