Williams signs $285M deal to add natural gas reserves facilities in Piceance Basin

RBC — Williams announced last week that it has agreed to purchase SandRidge Energy’s, and other parties’ interests in the Piceance Basin, for approximately $285 million cash. The parties expect the transaction to close in the second quarter.
The assets could represent more than 1.9 trillion cubic feet equivalent (Tcfe) of probable and possible reserves on approximately 24,000 net acres at 10-acre spacing.
The Piceance Basin is home to Williams’ most significant volume of natural…