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HART E N E RGY O <br /> PRIVATE EQUITY EXPLORATION & PRODUCTION ACQUISITIONS & DIVESTITURES <br /> Terra Energy Partners to Acquire Ursa Piceance Basin Assets for $60 <br /> Million <br /> Ursa Resources, backed by Denham Capital, holds about 41,000 net acres of oil and gas properties in the Piceance Basin. <br /> By Darren Barbee,Oil and Gas Investor Fri, 12/11/2828 - 02:30 PM <br /> Listen to this article 1:11 <br /> 0 <br /> Terra Energy Partners LLC has agreed to purchase assets from bankrupt Ursa Piceance Holdings LLC and various subsidiaries for <br /> $60 million,according to bankruptcy documents. <br /> A federal bankruptcy judge in Delaware approved the sale in November.The deal is expected to close on Dec. 22 or soon after. <br /> Ursa Resources,backed by Denham Capital, holds about 41,000 net acres of oil and gas properties in the Piceance Basin.The <br /> acreage is concentrated in Boies Ranch, Battlement Mesa and other areas.Ursa reported owning 579 gross wells producing <br /> natural gas, NGL and oil.In June,the company averaged about 75 MMcfe/d of production. <br /> Terra Energy Partners is a privately-held oil and gas exploration and production company founded in early 2015.The Houston- <br /> based company partnered with Kayne Anderson and Warburg Pincus in early 2016 following its purchase of Piceance Basin <br /> assets from WPX Energy Inc.The WPX deal,worth $910 million, included about 200,000 net acres with 11,000 gross drilling <br /> locations in Colorado. <br /> i Q Save Article <br /> In this article <br /> Private Company <br /> Terra Energy Partners LLC <br /> Ursa Resources Group LLC <br />