High Plains has exercised its previously announced option agreement to acquire the remaining 49% interest in CEP M Purchase from Current Energy, which acquires 100% of CEP M Purchase and thereby acquiring the Fairway assets.
Previously, High Plains had acquired 51% interest in CEP M Purchase, owner of the North and South Fairway assets held by Pennaco Energy (a subsidiary of Marathon Oil).
The Fairway assets have a current production of approximately 17,000mcfpd (gross) and approximately 13,600mcfpd (net).
High Plains Gas is a Wyoming-based energy company engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin.
