The JVs are located southwest from the company's Arikaree Creek Field and Snow King project towards the town of Limon.
The transactions are expected to close in the fourth quarter of 2014 with total capital cost for the joint ventures estimated to be approximately $300 million.
In addition, Denver-based PDC announced its borrowing base increased to $700 million from $450 million following the recently completed semi-annual redetermination of its revolving credit facility.
The JV is based upon the success of the first joint venture with a Grafton affiliate.
ZaZa’s East Texas acreage holdings comprise two separate development areas, each with different operators and ownership structures.
Stratex entered a joint development agreement for roughly 35,000 leasehold acres in the Mississippi Lime.
To date, the JV has received firm capacity commitments that total 1.5 Bcf/d.
The venture includes an East Texas development agreement comprising Walker, Grimes, Madison, Trinity, and Houston counties.
Houston-based Lucas will receive $444,000 for a 50% working interest on roughly 400 acres.
The alliance will provide for development of liquids-rich gas processing infrastructure in northeast British Columbia.
Carrier will have the right to participate in wells drilled in Culberson, Reeves and Pecos counties, Texas.
The agreement covers a defined area of 8,011 net mineral acres in Dundy County, Neb.
|Mid||USD 18000||Members only||Regency Energy Partners LP|
|Mid||USD 3000||Members only||Hiland Partners LP|
|E&P||USD 37.4||Members only||Harvey E. Yates Co.|
|S&S||USD 1700||Members only||Eurasia Drilling Co. Ltd.|