The acquisition includes the operational capacities such as flow lines, transportation rights and production wells (both active and idle).
The transaction also includes about 150,000 net acres of ‘deep rights’ for oil production.
High Plains Gas chairman Mark Hettinger said that the acquisition of JM Huber’s Powder River basin assets is very strategic for High Plains Gas because it compliments the company’s recent acquisition of the Fairway assets from Marathon Oil.
"These two acquisitions combined will make High Plains a major producer of natural gas in the Powder River basin," Hettinger said.
High Plains Gas is engaged in the acquisition, development and production of natural gas primarily in the Powder River basin.
