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In addition to the upstream assets to be acquired, the purchase price includes a wholly owned midstream asset consisting of over 170 miles of gas gathering and compression systems, liquid stabilization, associated water supply and disposal infrastructure and an oil terminal facility in Wheeler County, TX.
In addition to the upstream assets to be acquired, the purchase price includes a wholly-owned midstream asset consisting of more than 170 miles of gas gathering and compression systems, liquid stabilization, associated water supply and disposal infrastructure, and an oil terminal facility in Wheeler County, TX.
The Ruby Lee 102H in Wheeler County, TX achieved a peak 24-hour rate of 17.
The Ruby Lee 103H in Wheeler County, TX achieved a peak 24-hour rate of 12.
The Reed T 8H in Wheeler County, TX achieved a peak 24-hour rate of 10.
The Stiles Ranch 23-11H in Wheeler County, TX commenced production on June 24, 2009 and achieved a peak rate of 6.
The Reed 70-6H in Wheeler County, TX commenced production on June 25, 2009 and achieved a peak rate of 4.
Some of the more notable properties sold include: Okie Operating -- Panhandle Field in Wheeler County, TX for $1,900,000; Harris Oil & Gas -- Lemon NE, Victory and Winter Fields in Haskell & Morton Counties, OK for $725,000; TCW -- SE Homer Goodwin Sand Unit in Carter County, OK for $460,000; Pennsylvania Castle -- Arkansas Package in Logan & Pope Counties, AR for $250,000; PITCO -- Britton South Field in Oklahoma County, OK for $260,000; Magnum Hunter -- Fargo NE Field in Wilbarger County, TX for $350,000.