Titan Energy sells interest in Rangely Field for $105 million
Clients Titan Energy, LLC
Jones Day advised Titan Energy, LLC, an affiliate of Atlas Energy Group, LLC, in connection with the sale of its oil and gas interests in the Rangely Field in northwest Colorado to Merit Energy Company for $105 million. The asset position is a tertiary oil recovery project using CO2 flood activity. The sale includes Titan's approximately 25 percent non-operating net working interest in the assets, and Chevron Corporation will continue as operator.