Ursa Resources Buys Antero’s Piceance Basin Interests

Nov 9th @ 5:16 pm in News by Scott Staley

Ursa Resources Group II LLC has been identified as the Houston based oil and gas company that bought Antero Resources’ Piceance Basin assets.  The vice president of Ursa Resources stated that they plan on being active in the Piceance Basin.  Antero had announced the sale to Ursa Resources on Monday.  The deal was closed for $325 million in cash plus the assumption of future gas transportation obligations.  The purchase also includes 61 thousand lease acres.  The deal is expected to be finalized in mid December.