Escalera Buying Wells, Leaseholds in Atlantic Rim

Escalera Resources has agreed to buy producing wells and leasehold interests from Warren Resources. The deal is expected to in mid-August. The assets, located in the Atlantic Rim Area of the Washakie Basin, WY, are complementary to Escalera's existing holdings and consist primarily of Warren's 74% operated working interest in the Spyglass Hill Unit that Escalera already holds a 22% non-operated working interest.