Verdad Resources has entered into a definitive agreement to sell its oil and gas operations in the Colorado DJ Basin to Peoria Resources, a subsidiary of JAPEX (U.S.) Corp.

Target Overview

Verdad Resources Intermediate Holdings, LLC is engaged in the exploration and operation of oil and gas assets, primarily focusing on the Colorado DJ Basin. The company has developed a strong portfolio within this prolific region, which is well-known for its rich hydrocarbon resources and active production capabilities.

The transaction involves Peoria Resources, LLC, a subsidiary of JAPEX (U.S.) Corp., which is itself a part of Japan Petroleum Exploration Co. Ltd. This acquisition will allow Peoria Resources to expand its operational footprint in the United States by incorporating the existing assets and infrastructure of Verdad Resources.

Industry Overview

The Colorado DJ Basin is recognized as one of the most prolific oil and gas regions in the United States. The area has experienced significant investment in recent years, driven by advancements i