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Wapiti Oil Purchases Colorado, Texas Properties from Delta

by Kenneth E. DuBose on August 3, 2010

Wapiti Oil & Gas purchases property from Delta Petroleum:

Wapiti Oil & Gas, LLC is pleased to announce the purchase of $130 million in oil and gas exploration and development assets from Delta Petroleum Corporation. The deal closed July 30. Wapiti’s purchase includes properties in the Rocky Mountains as well as the Texas Gulf Coast. The acquisition includes producing assets in the Piceance Basin, the DJ Basin and the Texas Gulf Coast. The acquisition also includes all of Delta’s acreage position in Laramie County Wyoming in the Niobrara section of the DJ Basin, and Eagle Ford Shale acreage in Atascosa and McMullen Counties, Texas.

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