Casillas buys Chesapeake SCOOP interests

A partnership of privately held Casillas Petroleum Corp., Tulsa, and Kayne Anderson Energy Funds, Los Angeles, has purchased producing interests in the South Central Oklahoma Oil Province (SCOOP) play from Chesapeake Energy Corp. for $106 million.

The buyer, Casillas Petroleum Resource Partners LLC, acquired 12,000 net acres, all held by production, with 260 producing wells. Production rates weren’t reported.

In a press release, Greg Casillas, president and chief executive officer, didn’t specify drilling plans but noted “the immediate development potential we see in the (Devonian) Woodford and (Mississippian) Springer shales.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...