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Representative image of active oil drilling rigs in the Denver-Julesburg Basin, illustrating the type of operated shale assets involved as Verdad Resources exits and JAPEX-backed Peoria Resources takes control in a $1.26 billion DJ Basin transaction.

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Energy Industry News

Verdad Resources exits DJ Basin as JAPEX-backed Peoria takes operatorship in $1.26bn deal

Verdad sells its DJ Basin portfolio to JAPEX-backed Peoria for $1.26B. Find out why operatorship, not acreage, is the real prize.

March 1, 2026

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