Highlights from this week’s report:
Highlights from this week’s report:
- As Devon announces the sale of $340MM of Eagle Ford assets, they ramp up in the STACK with 27 permits last month!
- We have seen one good sized acquisition after another. Last week, we wrote about a shell company Briar Oil and Gas that purchased 325 wells in the Arkoma from BP; This week Stephens & Johnson out of Wichita Falls purchased 413 wells from Chevron in Stephens county.
- Take a look at the map showing Transfers, notice all the activity in the Arkoma? A lot of people must be long on gas.
- There is lots of A&D activity that you would never see unless you either read this blog or were an Oseberg subscriber! By the way, you can now subscribe to this weekly update, fill out a contact form.
In this week’s report, we see more Arkoma action! We’ve posted several times about the high volume of lease activity in and around Hughes county…now we see a big acquisition in the form of 325 wells in Pittsburg and McIntosh counties from BP to a newly formed company called Briar Oil and Gas, who has also been leasing near the wells they bought.
This week’s activity report reinforces the special 12 month Oklahoma leasing report which we released today. Other highlights include:
In this week’s Oklahoma Oil & Gas report:
- Travis Peak (TPR Mid-Continent), an Austin based PE backed group climbs to #3 on the Pooling list. They are focused on an attractive SCOOP position which they put together in Grady and Canadian counties.