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 the acquisition to-date covers 15N-08W, 16N-07W, 16N-08W, and 16N-09W of Kingfisher County, OK and 11N-06W, 11N-09W, 12N-08W, 13N-09W, 14N-09W, and 14N-10W of Canadian County, OK.
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