PetroShare Corp. has entered into a non-binding Letter of Intent with Kerr McGee Oil & Gas Onshore LP for the acquisition of a producing well and associated leases within its Todd Creek Farms project covering all depths in parts of Township 1 South, Range 67 West, Adams County, Colorado.

Closing of the acquisition is subject to the finalization of a definitive agreement. The acreage is located in the southern end of the Greater Wattenberg oil and gas field. In addition, the Company has acquired other leases under its strategic land and leasing services agreement with Kingdom Resources, LLC (Kingdom).

Tags: PetroShare Corp.