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 ago that another “Undisclosed Seller” was looking to divest their operated and non-operated assets in the SCOOP & STACK, covering 20,000 net acres. The said seller also appears to be Echo Energy. Will Continental Resources acquire that acreage as well, or will an off the radar company swoop in?
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