The oil and gas leases on 8,060 net acres are primarily located northwest of the prolific Silo field.
With this acquisition, the company increases its Chugwater acreage to about 14,400 contiguous gross acres.
Recovery Energy said it has filed for four horizontal well drilling permits on its Chugwater acreage.
Recovery Energy is an oil and gas exploration and production company focused on the Denver-Julesburg basin where it holds about 134,000 net acres.
