It has been a while since we have sent out an activity newsletter. We have been busy building and enhancing our platform to ensure our subscribers have the most up-to-date information and tools to navigate the Oklahoma market. Not a subscriber yet? Reach out to us if you are interested in learning more about our platform.
With oil prices improving and activity increasing we thought it was the perfect time to fill your inbox with some Oklahoma news!
Camino Natural Resources LLC is leading the way
Camino shows up in our Orders Module 122 times in the past 30 days. The majority of their filings are in Grady County, OK where they appear to be targeting the 08N-05W and 08N-06W townships.
More than onion burgers: Canadian County is seeing numerous well location and increased density applications filed. Some of the operators include Camino, Devon, Ovintiv, & Cimarex (now Coterra).
Order Dismissing Cause: Red Wolf, Cannan, and Chisholm accounted for 45 of the 79 filed.
- It looks like Canaan is launching a new company, Caliber Resource Partners in the Fall of this year, so we hope to see some exciting new things from them!
- Check Out Chisholms NonOp opportunity in our A&D section below.
We send out Apps & Orders each morning: Did you know you can have regulatory filings sent straight to your inbox each morning? Our Daily County Report covers the previous day’s filings, along with a weekly recap each Monday. Check out this Monday’s Recap.
ASSIGNMENTS, MINERALS, LEASES
Mineral Deeds dense in the SCOOP
McClain and Garvin Counties saw lots of transactions on their western edges.
Top 3 buyers based on consideration recorded: Eckard, Baseline, & L3 Resources accounted for about 60% of the capital spent in Oklahoma. Nice to see companies deploying capital in the state again.
Oil & gas leasing picks up: At one time, we had hardly anything to report on leases in the state. But that seems to be shifting as 638 leases were filed. Like the mineral deeds above, McClain and Garvin saw the most activity.
Nothing too revealing in Assignments: Biggest transaction took place between TLW Investments & Cannon Field Minerals Fund I, LP, wherein Cannon appeared to pick up an ORRI.
TURNING TO THE RIGHT
75 permits filed, 7 from Devon Energy
Devon Energy & Camino each filed 7 permits. They covered Canadian, Caddo, Grady, and Stephens Counties.
Why Are potatoes called Spuds? Speaking of Spuds, 39 occurred in the past 30 days. Ovintiv led the way with 9.
5 completions were recorded: 80% were classified as straight holes and 20% were classified as directional holes. 100% of the completions were considered “Oil.”
DUC Inventory: We are showing 319 DUCs in the state. The majority are located in Kingfisher County, OK. After creeping up just slightly last month, it looks like the DUC count is back on the downward trend.
A & D
Citizen Energy Expands Mid-Con Footprint
Tulsa-based Citizen Energy announced that it has entered into a definitive Purchase and Sale Agreement with an undisclosed seller.
Tom Ward’s assets strike again: Diversified Energy Acquires Tapstone Energy in $419 Million Midcontinent Expansion.
STACK play opportunity: Chisholm Oil & Gas LLC retained Stephens Inc. for the sale of non-op in Blaine, Canadian, Garfield, Kingfisher, Logan, and Major Counties.
Some others on the market: Grey Rock Energy Partners; Olifant Energy II, LLC; Merit Energy Company; Falcon E&P Royalty Holdings, LLC; Continental Resources Inc.
My favorite Convey640 Module: Our Recent Transfer module is my favorite; you can get great insights into the A&D market. The largest transaction in October took place between North Lake Resources LLC and 4 of Us Resources, LLC; 194 wells were transferred.
ADAM OKC: The energy network is meeting up Wednesday, November 3, to discuss deals, deals, and more deals.
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