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Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Oil & Gas 360º

The newly acquired assets are actively being developed by leading operators, including Chevron and Civitas, who collectively account for more than half the wells spud in 2024. The high-quality operator footprint enhances production visibility and long-term value creation. billion in capital since its launch in 2020.

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Prairie Operating Co. announces 11-well development at Rusch Pad

Oil & Gas 360º

The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. All statements, other than statements of present or historical fact included herein, are forward-looking statements.

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Canada BC Oil & Gas: A Growing Backlog of Undrilled Well Permits

Oil Gas Leads

Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. For service providers, this presents a massive forward-looking opportunity. The result? A growing backlog of approved well licenses that have yet to be turned into producing wells.

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