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WS - Bison secures funds for DJ Basin drilling and expansion - October 29, 2019
Bison Oil & Gas, LLC closed a $155 million term loan facility with alternative investment firm Varde Partners that will primarily be used to fund its ongoing drilling program and expand its rural asset base in the DJ Basin. The company currently operates more than 20 wells across its 50,000-net-acre position in northeast Weld County, Colorado. Its horizontal wells to date have cost $5 million apiece to drill and complete and have averaged 30-day......
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