In BMO Capital Markets’ A&D Market Monitor for the Mid-Continent region, it was noted that an “Undisclosed Seller” sold SCOOP assets to Continental Resources for $80MM around July 31, 2019. Using Convey640, we can see that the seller was Echo Energy, and the assets covered Carter and Stephens County, OK. We mentioned a few weeks […]
Panhandle Oil & Gas Inc announced that on Dec. 18, 2019, it closed on the acquisition of 700 net mineral acres in the core of the STACK play in Oklahoma for $9.56 million ($13,657/nma); the seller was not disclosed. Using Convey640’s mineral analysis tool, we see that the seller is Red Stone Resources LLC, and […]
According to Convey640, Will Energy Corp transferred 305 wells to Contango Resources Inc in the past 7 days. The Oklahoma wells are located in Texas, Beaver, Harper, Woods, Ellis, Woodward, Blaine, and Grady County. Examining Contango’s financial filings, the closing occurred on October 25, 2019, for a total of $23 Million and covered 159,872 nma […]
In their latest SEC filing, Brigham Minerals reported in Q3 that they acquired 350 net royalty acres (nra) in the SCOOP and 200 nra in the STACK, and spent 11% of $99 million in the Anadarko Basin. Brigham’s weighted average royalty in the SCOOP was 18.4%, and in the STACK was 17.7%. Using Convey640 Mineral […]
“OKLAHOMA CITY, Dec. 10, 2019 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) announced today it has entered into an agreement with Dow (NYSE: Dow) to jointly develop a portion of the company’s STACK acreage in central Oklahoma. Under this agreement, Devon will monetize half of its working interest in 133 undrilled locations in exchange […]
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