on Deutsche Rohstoff AG (ETR:DR0)
Deutsche Rohstoff AG Expands Investment in Powder River Basin
Deutsche Rohstoff AG's subsidiary, Salt Creek Oil & Gas, announced an expansion of its non-operated investment in the Powder River Basin, Wyoming. Salt Creek will invest USD 40 million in a development program, participating in nine Niobrara wells. Production is anticipated to begin in the summer of 2026.
This new investment brings Salt Creek’s total non-operated investments in the Powder River Basin to approximately USD 220 million. This follows previous initiatives, including a USD 65 million joint venture in 2022, expanding to 31 wells by the end of that year.
The expanded drilling program aligns with Deutsche Rohstoff’s 2026 economic forecast, aiming to maintain revenue and EBITDA levels comparable to those of 2025.
R. H.
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