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GASCO ENERGY INC (GSXN) Create: Alert

All | News | Filings
Date FiledTypeDescription
03/03/2010 8-K Asset disposition
Docs: "Gas Gathering and Processing Agreement by and between Gasco Production Company and Monarch Natural Gas, LLC",
"Gasco Energy Closes Midstream Transaction • Non-core Assets Monetized for $23 Million in Cash Proceeds • Proceeds Used for Debt Reduction and Improved Liquidity DENVER — March 2, 2010 /PRNewswire-FirstCall/ — Gasco Energy today announced that it has consummated its previously announced sale of its Riverbend Project midstream assets to Monarch Natural Gas LLC, a portfolio company of Metalmark Capital Partners, for cash consideration of $23 million. Included in the transaction are substantially all of Gasco's Riverbend Project midstream assets comprised of the Company's gathering system and related pipeline and equipment and its two evaporation pits and related equipment used for the disposal of produced water from wells operated in the Riverbend area of Utah. The sale closed on February 26,..."

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