BROOMFIELD - Three Forks, Inc., a Broomfield-based oil and gas exploration and production company, has signed an agreement with Houston-based Vanguard Natural Resources LLC (Nasdaq: VNR), allowing it to drill on Vanguard-leased lands in Weld County.

According to a media statement from Three Forks, the agreement requires to drill two wells before Sept. 15 on tracts covering 160 acres in a prolific oil-producing area of the Denver-Julesburg Basin, where Three Forks' operations team has extensive experience.

"Our team drilled five wells immediately offsetting this acreage in 2012," said Chuck Pollard, president of Three Forks, in the statement. "Due to new fracture-stimulation technology, all five of those wells exceeded production expectations."