Mariner Snaps Up Acreage in DJ Basin

Mariner Energy has acquired 100% working interest in approximately 54,000 net acres in the Denver Julesburg Basin (DJ Basin) from an undisclosed third party. Financial terms of the transaction are confidential.

The acreage comprises fee, state and federal leases located in Southern Wyoming in Laramie County. Mariner believes the acreage is on trend with and contains shales with petrophysical properties similar to the commercial Niobrara Shale discoveries of the Jake 2-01H well and Silo Field.

"This acquisition is consistent with our stated strategy of obtaining sizeable low-entry-cost oily shale plays where we can operate. The acreage is close to existing infrastructure, facilitating development if our exploration efforts are successful," said Scott D. Josey, Chairman, Chief Executive Officer, and President of Mariner Energy.