JAPEX acquires Verdad Resources for $1.3 billion in DJ basin assets

Summary

Japan Petroleum Exploration Co., Ltd. (JAPEX) has approved a $1.3 billion acquisition of U.S. tight oil and gas assets from Verdad Resources. The assets, located in the Denver-Julesburg basin and southeastern Wyoming, are expected to double JAPEX's net production and triple its proved reserves. The acquisition is set to close by February 2026 and will be managed by Peoria Resources.

Recent Coverage

• JAPEX secures DJ basin tight oil assets in $1.3-billion Verdad deal

  Oil and Gas 360 • Dec 19

• Japex to expand US drilling activity through DJ Basin operated assets

  Drilling Contractor • Dec 19