Oklahoma business briefs - Oklahoman Published: January 23, 2018 5:00 AM CDT
Canyon Creek Energy-Arkoma has announced it's added to its Arkoma Stack leasehold through the acquisition of 50,000 gross acres. Officials said the expansion came through the firm's deal to buy Quanah Energy.
"We continue to realize exceptional drilling and completion results across our liquids-rich position in the Arkoma Stack play," stated Luke Essman, Canyon Creek's president and CEO, in a release issued about the sale.
"We are particularly excited about this acquisition as it fits nicely with our existing acreage footprint and will allow for the efficient continued development of our resource."
Officials said the deal, made for an undisclosed amount, extends Canyon Creek's operational control to more than 100,000 acres with nearly 1,300 drilling locations that covers the liquids-rich window of the play in Hughes, Pittsburg, Coal and Atoka counties.