Hogan & Hartson Reps Opon In $400M Delta Deal

By Elise Czajkowski

Law360, New York (March 19, 2010, 5:46 PM ET) -- Delta Petroleum Corp. has said it will sell 37.5 percent of its assets in Colorado's Piceance Basin to Opon International LLC for $400 million.

Delta said Thursday that it had entered into a nonbinding letter of intent to sell Opon a nonoperated working interest in Vega Area assets in the basin. Delta will retain operations of the area subject to a joint venture agreement between the two companies.

Both companies focus on independent oil and gas exploration and development.

Delta said that it would use $225...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles