A & D
Mach Continues to Expand
![](https://i2.createsend1.com/ei/d/D2/AE1/CEE/061750/csfinal/Mach-9905140000028a3c.jpg)
BCE-Mach III LLC is listed as a leader in our Recent Assignments and Recent Transfers Modules, acquiring hundreds of tracts and wells from Camino Natural Resources LLC. More on the well transfers in our Drilling section below.
- BCE-Mach’s acquisitions have been impressive. Awesome to see an Oklahoma company continuing to invest in this great state! Congrats to the BCE-Mach Team!
- Per Mach’s website, “Over the last year, BCE-MACH has closed six acquisitions investing in excess of $200mm.” I do not believe the Camino and BCE-Mach deal above is counted in these totals.
Minerals: Once again Eckard Land & Acquisition leads the way for Total MD Consideration recorded, followed by L3 Resources LLC and Black Hawk Royalty V LP.
Oil & Gas Leases: The two hottest counties for leasing activity were Grady and McClain.
- The Top Lessees in these two counties were Capstone Land Co, Citizen Energy III, and Anevay Resources LLC.
- The below map shows the areas that were leased in the two counties during the previous 30 days.
![](https://i3.createsend1.com/ei/d/D2/AE1/CEE/061750/csfinal/oglmap-99045103cf028a3c.jpg)
REGULATORY FILINGS
Cimarex (now Coterra) is Back on Top
![](https://i4.createsend1.com/ei/d/D2/AE1/CEE/061750/csfinal/Coterra-990145028a028a3c.jpg)
Cimarex and Cabot Oil & Gas merged in October 2021 to form Coterra Energy.
- Cimarex topped the applicant leader board of OCC Applications, followed by Continental Resources, Citizen Energy III, Paloma Partners IV, and Charter Oak Production Co.
- All of Cimarex’s recent regulatory filings are located in Western and Southern Canadian County, where Coterra has a dense footprint.
- The below map is from Coterra’s 2Q22 Earnings Conference Call and it provides a good illustration of where their acreage is concentrated.
![](https://i5.createsend1.com/ei/d/D2/AE1/CEE/061750/csfinal/CoterraMap-990000028a05143c.jpg)
OCC Orders: Like leasing and applications noted above, the majority of OCC Orders were located in what most would consider the SCOOP and STACK.
The top 3 Order Applicants were Citizen Energy III, Devon Energy Production Co. LP, and Continental Resources.
- Speaking of Continental, it was announced last week that Doug Lawler was promoted to President and Chief Operating Officer.
- Prior to Continental, Doug was President & CEO and served on the board of directors of Chesapeake Energy Corporation
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- Apps
- Orders
- Permits
- Completions
- Transfers
Learn more about the Daily County Report!
DRILLING
Calyx Energy Completes 4 Wells With Strong IPs
![](https://i6.createsend1.com/ei/d/D2/AE1/CEE/061750/csfinal/Calyx-70dd11ee7f2c448e.jpg)
![](https://i7.createsend1.com/ei/d/D2/AE1/CEE/061750/csfinal/CalyxMap-990000014505143c.jpg)
The above Calyx Energy wells are located in Pittsburg County, OK. Congrats to the Calyx Energy team on these strong IP rates. With more favorable gas prices, I expect the Arkoma region to have a lot of interest in the near future.
Permit News: 124 Permits were filed during the previous 30 days.
- Multi-Unit & Horizontal Wells accounted for over 60% of wells permitted.
- The Mississippian Formation was the primary target for the permits.
- Permit leaders across all drill types were HInkle Oil & Gas (8), Citizen Energy III (7), Rimrock Resource Operating (7), and Continental Resources Inc (6).
Spud News: 59 Spuds were filed during the previous 30 days.
- Canadian County had the most activity with 9 Spuds
- Citizen Energy III led the way with 10 Spuds
- 7 in Canadian County and 3 in Grady County.
Well Transfers: As noted above, Camino Natural Resources LLC transferred over 200 Wells to BCE-Mach III LLC in the past 30 days.
- 72% of the wells are classified as “Gas.”
- 91 of these wells are located in Grady County, OK
- With our Records & Production Module, you can view the well spots on a map!
![](https://i8.createsend1.com/ei/d/D2/AE1/CEE/061750/csfinal/WellTransfers-990a28079e028a3c.jpg)
OTHER CONVEY640 NEWS
- We just released a new module, AOI Advisor, which improves the speed at which mineral and non-op companies can analyze deals. Learn more about this time-saving feature here.
- New How-To…Narrow Down Your Buy Area in 5 Easy Steps
- New Blog…5 Ways Mineral & Non-Op Companies Can Buy Ahead of the Drill Bit
THANKS FOR READING
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