Elk Range Royalties Closes Landmark DJ Basin Acquisition and Launches Elk Range Royalties III [Yahoo! Finance]
Chevron Corporation (CVX)
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Source: Yahoo! Finance
and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental (NYSE: OXY). The $905 million transaction significantly expands Elk Range's presence in a premier oil and gas region and aligns with Elk Range's strategy of acquiring attractive royalty assets in core basins. The newly acquired assets are actively being developed by leading operators, including Chevron (NYSE: CVX) and Civitas (NYSE: CIVI), who collectively account for more than half the wells spud in 2024. The high-quality operator footprint enhances production visibility and long-term value creation. The acquisition includes an attractive mix of current production, near-term activity through DUCs and long-term growth through
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- 3/5/25 - Form 4
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