Red Wolf acquires assets in Oklahoma plays

Acquisition highlights:

• Approximately 56 000 total net acres with proven well results in primary target zones.
• Contiguous acreage positions in each resource play support significant future development via extended-lateral drilling.
• Existing infrastructure and agreements with top-tier midstream operators in the region allow for efficient development.

“We are excited to announce our re-entry into Oklahoma’s prolific SCOOP, STACK and Merge plays with the acquisition of these assets. Our leadership team has a successful track record in and deep knowledge of this area from our prior experience,” said Red Wolf CEO, Drew Deaton. “This strategic acquisition represents both near-term and long-term value as well as significant growth potential for Red Wolf. We think that the SCOOP, STACK, and Merge plays combine many important characteristics of top-tier hydrocarbon plays, including multiple benches of stacked pay which provide compelling economic returns and repeatable results. We look forward to leveraging our technical and operational expertise to aggressively delineate and develop these assets to their full potential.”

Based in Oklahoma City, Red Wolf was formed in February 2019 with an equity commitment from Pearl Energy Investments.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/22052019/red-wolf-acquires-assets-in-oklahoma-plays/