Ward Energy Partners sells DJ Basin assets

By Ward Energy Partners | April 22, 2018

Ward Energy Partners LLC has sold assets located in Adams and Weld Counties in Colorado to an undisclosed buyer. The assets are prospective for the Codell and Niobrara reservoirs in the Denver-Julesburg basin in Colorado.

 “WEP has been a leading operator in the southern DJ Basin since formation in 2014, and we are pleased we have been able to demonstrate the tremendous potential in this exciting resource play. Because of the deep technical expertise and impressive execution by the WEP team, we have been able to build a world class asset in Colorado,” said Dave Stone, Chief Operating Officer at WEP.

“Our incredible team at WEP, our strong partnership with Trilantic North America and the industry reputation and legacy of Ward Petroleum Corporation have all been foundational to our success,” said Drew Deaton, vice president of business development at WEP.

“We at Trilantic North America would like to thank the entire WEP team for their hard work and dedication over the course of this investment,” commented Chris Manning, managing partner of Trilantic North America. “We would also like to thank Evercore for their great work in advising the company through this negotiated sale process.”

WEP is an oil and gas exploration and production company formed in July 2014 by Ward Petroleum Corp., a diversified exploration and production company based in Oklahoma and Colorado, and Trilantic Capital Management L.P., a leading private equity firm based in New York and Texas.

Evercore acted as a financial advisor to WEP on the transaction. Vinson & Elkins LLP acted as legal advisor to WEP.