Sacgasco, an Australia-listed company focused on California’s onshore Sacramento Basin, has acquired five new operated gas wells in the Rancho-Capay and East Rice Creek gas fields from private California companies. Two of the wells have current gross production of 120 Mcf/d while the others are awaiting workover or alternative gathering connections to come back online. As consideration, Sacgasco will assume P&A liabilities estimated at $50,000/well. The company also closed an acquisition of 13 gas......
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