A New Name in the DJ
With most all energy headlines today focused on OPEC’s decision to cut 2 MMBPD in oil production, we decided to zag and share a little news nugget that recently slipped under our radar. Reese Energy Consulting today is following the latest news from the Wyo., DJ Basin where Houston-based Juniper Capital and Boomtown Oil & Gas have re-created their position as the largest leaseholder there, now with a brand new name. All it took was merging two Juniper entities—North Silo Resources and Longs Peak Resources—both co-owned by Boomtown, acquire some complementary assets from a private E&P which weren’t disclosed, and name their baby North Peak Oil & Gas. As the new rights holder, North Peak is now the largest leaseholder in the Wyo., DJ. With 150,000 net acres, more than 11 MBOED generating substantial cash flow, and some of the lowest drilling and completion costs in the nation for long lateral horizontal wells, North Peak is set to fire up a new drilling program this Fall. This latest combo between Juniper and Boomtown marks the fourth of co-owned assets that also include Rocky Creek Resources (Eagle Ford) and Grey Wolf Oil & Gas (Eagle Ford).