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Fifth Creek Energy

Company Summary

Description

Fifth Creek Energy (“FCE” or the “Company”) is a privately-owned exploration and production company headquartered in Denver, Colorado. The Company focuses on both conventional and unconventional plays applying its operational expertise and advances in drilling and completion technology to safely and efficiently grow shareholder value.

Website

http://www.fifthcreekenergy.com/about/

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Company Transactions

Date: 5/15/2018
Type: Merger

DETAILS:

COST: 649 $MM

VOLUMES: 2.9 MBOE/d

ACRES: 81000 Acres

NOTES:
Fifth Creek is a portfolio company of NGP and they will receive 100 million shares of the new company while Bill Barrett will exchange their stock on a 1-for-1 basis. The combined entity will hold 151,000 net acres and a drilling inventory of 2,865 well which are suitable for extended reach lateral development.
REGIONS:
  • DJ Basin