The package includes interest in approximately 18,400 net acres in Alfalfa, Garfield, Grant, and Kay counties, Oklahoma, and Barber County, Kansas.
The acreage has potential gross reserves of 1,300,000 barrels of oil.
The company announced it will again reduce capex spending.
Orlando Oil Field lies within Block 3/3b, approximately 10 kilometers northeast of the Ninian Central Platform and was successfully appraised with the 3/3b-11 (1989) and 3/3b-13 (2012) and sidetrack wells
With the formation of Clearfork, the company completed three acquisitions - conventional oil producing properties in North Texas, acreage prospective for the oil and liquids-rich Barnett Shale in Montague County, and acreage prospective for the Wolfberry play in Andrews County, Texas.
The package includes more than 4,761 leasehold acres in Armstrong, Clearfield, Indiana, Jefferson and Westmoreland counties.
The package includes 100% working interest in approximately 10,914 gross acres in Forest and Warren counties.
The assets acquired from Flying J are primarily in Altamont-Bluebell Field in Duchesne and Uintah counties.
|E&P||USD 50||Members only||Buccaneer Energy Ltd.|
|E&P||USD 340||Members only||Pioneer Natural Resources Co.|
|E&P||USD 120||Members only||Royal Dutch Shell Plc|
|E&P||USD 359||Members only||Pyramid Oil Co.|