Pure Cycle Corporation Announces Renewal of Sky Ranch Oil & Gas Lease to Conoco
February 19 2014 - 10:28AM
Marketwired
Pure Cycle Corporation Announces Renewal of Sky Ranch Oil & Gas
Lease to Conoco
DENVER, CO--(Marketwired - Feb 19, 2014) - Pure Cycle
Corporation (NASDAQ: PCYO) announces today that Conoco has extended
the term of its Sky Ranch Oil and Gas Lease.
ConocoPhillips, through its wholly owned subsidiary Burlington
Resources Oil & Gas Company L.P., has extended the Company's
Oil & Gas Lease on Sky Ranch for an additional two years
through March 10, 2016. The Company received payment of $1,243,440
to extend the lease. "We welcome the opportunity to work with a
world class exploration and production operator like Conoco at our
Sky Ranch property and look forward to assisting them in the
development of oil & gas from our property," stated Mark
Harding, Pure Cycle's President and CEO.
Company Information
Pure Cycle owns water assets in several river basins in the
State of Colorado as well as certain aquifers in the Denver,
Colorado metropolitan area. Pure Cycle provides water and
wastewater services, including the design, construction, operation
and maintenance of water and wastewater systems, to wholesale
customers, which are local governmental entities who provide water
and wastewater services to their end-use customers located in the
greater Denver metropolitan area. Pure Cycle also owns
approximately16,700 acres in Southeastern Colorado that are leased
to area farmers.
Additional information including our recent press releases and
Annual Reports are available at www.purecyclewater.com, or you may
contact our President, Mark W. Harding, at 303-292-3456 or at
info@purecyclewater.com.
Mark W. Harding President 303-292-3456
info@purecyclewater.com
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