The largest natural gas producer on Colorado’s Western Slope, Houston-based Terra Energy Partners, has agreed to pay $60 million to acquire Denver-based Ursa Piceance Holdings LLC and its subsidiaries, which filed for bankruptcy two months ago. Terra Energy, which operates as TEP Rocky Mountain, produces natural gas from 5,300 wells on 370,000 acres in northwest Colorado’s Piceance Basin. Ursa Piceance’s business includes 41,000 acres of mineral rights and 579 operating wells.
Terra Energy Partners Buys Ursa Resources in $60M Deal
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