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Great Western Petroleum, LLC

Company Summary

Description

Great Western is a Denver-based DJ Basin operator

Operational Regions

  • DJ Basin

Related Entities

Recent news

  • 8/7/2022 - PDC Energy Issues 2H22... (subscriber access)
  • 6/1/2022 - PDC Energy Issues... (subscriber access)
  • 5/9/2022 - PDC Energy Acquires... (subscriber access)
  • 2/28/2022 - PDC Energy Forecasting... (subscriber access)
  • 2/28/2022 - PDC Energy Anticipating... (subscriber access)

Company Transactions

Date: 5/15/2022
Type: Acquisition

BUYERS:
  • PDC Energy, Inc.
    • SELLERS:
  • Great Western Petroleum, LLC
  • EIG Global Partners
  • TPG
  • The Broe Group
    • DETAILS:

    COST: 1.3 $B

    VOLUMES: 55 MBOE/d

    NOTES:
    PDC Energy has signed a deal to acquire Great Western Petroleum in the DJ Basin for $1.3 billion from EIG, TPG Energy Solutions, L.P. and The Broe Group. They will finance the deal via the issuance of 4.0 million shares of common stock and $543 million in cash. Closing is targeted for the second quarter of 2022.
    REGIONS:
  • DJ Basin