In the market for some Anadarko Basin love? Well, hold on, pardner. Here in the Land of the SCOOP, STACK, and Merge, the deals keep coming to buy and sell a slice of the Mid-Continent....
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Somewhere, Tom Ward has a divining rod and it’s not the kind that leads to water. Since the launch of Okla. City-based MACH Natural Resources in 2017, Ward has stuck to his intuition to find wealth in under-performing plays in the Mid-continent. Over time, it’s become his signature to snap up lagging or bankruptcy assets in the Anadarko, Southern Kans., and the Texas Panhandle and turn that business around. ...
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It’s been a year since Reese Energy Consulting shared news from producers on the hunt for oil and gas magic on the fringes of basins. Step-outs from core areas, extending shale play extensions, bringing exploration back into the mix. So, maybe the Permian inches closer to its peak now, and the Anadarko and Bakken continue to decline. Maybe the Utica oil window is barely open. Maybe there’s a whole lot more to be discovered....
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Okla.’s Anadarko Basin is well known for its SCOOP, STACK, and Merge plays, where producers continue to unearth liquids rich hydrocarbons compliments of the Woodford formation....
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Call it a rebound or resurgence in the Midcontinent, higher gas prices have proved a siren’s song for operators. Add to that the growing demand for more gas supplies to feed LNG terminals and power data centers, and that’s seductive music for producers. ...
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In what was described as a “surprise move” by Okla. City-based Devon Energy back in 2022, the company made a bolt-on acquisition that further expanded its Eagle Ford position with the purchase of Denver-based Validus Energy. The $1.8 billion deal included 42,000 net acres, 35 MBOED (70% oil), 350 repeatable drilling locations, and 150 refrac candidates. In an epic score, Validus pocketed double the price it paid for those assets just a year before. While it might’ve been a see-you-later-bye to South Texas, the company’s exit there hardly marked the end of Validus....
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