Additionally, High Plains has entered into a contract services agreement to operate the wells associated with the sale for Duramax.
These assets include approximately 350 natural gas wells spread over five different fields in the North Fairway lease.
Production from the wells is estimated to be less than 17% of the total current North Fairway production.
High Plains Gas is a Gillette, Wyoming-based energy company engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin.