Rockies-focused Delta Petroleum Corp., Denver, (Nasdaq: DPTR) has retained Morgan Stanley and Evercore Partners to seek strategic alternatives including the sale of some or all of the company's assets, partnerships and joint-venture opportunities, or the sale of the company.

The Rocky Mountain region comprises approximately 95% of Delta’s proved reserves as of year-end 2008.

In the Piceance Basin, Delta holds a 95% to 100% working interest in approximately 22,150 net acres in Mesa County, Colorado, primarily in the Vega Unit involving more than 2,000 net drilling locations on 10-acre spacing. ...