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PS - German-backed E&Ps to spend $70MM on Colorado drilling - April 2019
Publicly traded German investment firm Deutsche Rohstoff announced that its portfolio company Cub Creek Energy plans to initiate an 11-well horizontal drilling campaign in June on its Olander pad (93% WI) in Colorado. The wells will be drilled with 2-mile laterals at a cost of $60 million net to Cub Creek, with oil and gas production expected in early 2020. The company anticipates an IRR of 20-42% at oil prices averaging $54/bbl for the life of the wells, with......
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