Kerns Resources, LP retained Energy Spectrum Advisors Inc. to sell certain operated oil properties and leasehold in Reagan County, Texas.
The properties are located in the middle of the Horizontal Wolfcamp play and consist of 1,762 net contiguous acres (34.5% is held by production) with an average 76% working interest (57% net revenue interest). Upside includes ...
Osage’s Nemaha Ridge Project delivered strong growth in crude oil and natural gas production during the first quarter of 2013.
“We are pleased to announce the closing of this transaction, which puts us in a strong debt-free financial position to advance our ongoing exploration and development efforts in Oklahoma and Europe," CEO Wolf Regener said.