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Companies buy and sell across Wyoming as oil and gas market improves

January 17, 2018 in News

Wyoming’s oil and gas firms, recently strapped by the sudden downturn in the price of crude, are operating in a better price environment this year. For some, that means selling Cowboy State assets and focusing elsewhere. For others, it means buying local and expanding at home.

SM Energy Company, a Denver-based oil and gas firm, announced recently that it was selling about 80 percent of its Powder River Basin acreage to focus on opportunities in Texas.

The sale of 112,000 net acres in Converse, Johnson and Campbell counties will bring the firm $500 million, subject to closing cost adjustments.

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