- Tight Gas & Oil
- Gas Hydrates
Rimrock was formed last year to pursue Midcontinent acquisitions targeting the Woodford Shale, following a $75 million equity commitment from Post Oak Energy Capital and Ceja Corp.
Midcontinent service providers anticipate an increase in well stimulation pricing from the current average of $38,000 per stage, largely reflecting activity in the Scoop and Stack plays.
Investors are concerned that producers will be unable to keep savings they say are tied to efficiency improvements as service companies begin to assert themselves after two years of discounts.