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News for May 15, 2013
The trust was formed by Chesapeake Energy Corp. (NYSE:CHK) in June 2011 and owns royalty interests in certain oil and natural gas properties in the Colony Granite Wash play in Washita County, Okla.
Successful sale of a portion of the Eagle Ford Moulton properties for a purchase price of $9.2 million.
Osage’s Nemaha Ridge Project delivered strong growth in crude oil and natural gas production during the first quarter of 2013.
Alaska lawmakers told there could be another 100 billion barrels of oil waiting to be discovered in the original source rocks that fueled Prudhoe Bay.
New pipeline project adds up to 120,000 barrels per day takeaway capacity for producers throughout the Bakken region, scheduled to be online in 2014.
Including the $38.4 million deposit previously paid, total consideration for the acquisition was $811 million, which includes the $768 million purchase price and $43.3 million in normal and customary closing adjustments.
Completion of the sale of the royalty interests is subject to customary closing conditions, and closing is expected to occur within the next week.
News for May 14, 2013
The Sail and Anchor 3-13-14 HBK well is presently drilling ahead in the Lodgepole Formation at a measured depth of 11,514 feet.
The open season will commence on May 14, 2013.
The Energy Capital Conference will also feature Stephen Moore, economist and editorial board member, The Wall Street Journal, who will give the opening keynote.
Morningside is a multi-zone prospect with additional targets in the Basal Quarts (Ellerslie) formation, and bypassed gas targets in the Glauconitic, Osteracod, Belly River and Coalbed Methane (CBM) formations.
Unimin Corp. has 30 years of terminal operations experience and actively manages proppant distribution and storage terminals throughout North America.
DeeThree has been very active on the Ferguson Alberta Bakken property since quarter end and currently has two rigs drilling on the property.