Following this acquisition, the company will increase its Chugwater acreage to approximately 14,400 contiguous gross acres.
Recovery Energy has also acquired from various private individuals about 1,700 leasehold acres in the Grover field and surrounding area in Weld County, Colorado, and about 6,600 net acres in Goshen County, Wyoming.
The combined acquisitions bring the company’s Denver-Julesburg basin holdings to 148,000 gross acres (134,000 net acres).
The Wapiti Oil & Gas leasehold is primarily located northwest of the prolific Silo field in Laramie County, Wyoming.
