Oil & Gas Divestitures in 2026
Showing 1 transactions.
-
February 26, 2026
- Buyer
- Peoria Resources, LLC, JAPEX (U.S.) Corp.
- Target
- Verdad Resources Holdings LLC (operated oil and gas portfolio)
- Seller
- Verdad Resources Holdings LLC
- Industry
- Oil & Gas
- Location
- Texas, United States
- Type
- Divestiture
Peoria Resources, LLC (a subsidiary of JAPEX (U.S.) Corp.) has acquired Verdad Resources' entire operated oil and gas business in the Denver‑Julesburg (DJ) Basin for an enterprise value of approximately $1.26 billion. The transaction transfers roughly 101,000 net acres of horizontal Niobrara and Codell development (Colorado and Wyoming) to Peoria as it establishes a scaled operated position in the DJ Basin.
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