O’Brien Energy Resources Purchases Midwest Production In New Fund
O’Brien Energy Resources, a privately owned oil and natural gas exploration company, has announced the purchase of assets of two competitive oil and gas companies in Kansas and Oklahoma. O’Brien made these purchases as part of a long-term plan to strategically acquire distressed oil and gas production.
O’Brien Energy Resources Production Fund I acquired all of the production assets of Keith F. Walker Oil & Gas Company, LLC in Kansas and the Oklahoma panhandle, including 23 producing oil and gas wells along with approximately 6,080 mineral acres held by production. Effective February 1, 2021, the production fund acquired all of the production assets of Oolite Energy Corporation in Kansas including 8 producing oil and gas wells and approximately 1,000 mineral acres held by production.
Recommended AI News: Unbxd Collaborates With Google Cloud to Offer AI-Powered Commerce Search on Google Cloud for Retail Store
“This first production fund is a pilot for the future,” says Joseph Forma, President of O’Brien Energy Resources. “We are diligent operators and have built a strong team with decades of experience in managing production.”
In the wake of the COVID-19 pandemic, it became apparent to the company that there were small producers that needed to exit the market for economic reasons, creating an opportunity to purchase production at reasonable prices. The decision to buyout competitors also sets the stage for O’Brien to transition to an operating company model while remaining active in exploration.
Recommended AI News: Boston Startup Resultably Helps Businesses Understand and Predict Workforce Efficiency
O’Brien Energy Resources has been in business since 1990 and is a conventional driller that operates over 75 wells in 5 states. O’Brien uses the services of over 100 vendors and contractors, from drilling companies and service companies to engineers, land men, geologists, and contract pumpers. According to PwC, the oil and gas industry supports over 9.8 million jobs nationwide, approximately 5.6% of the workforce. The COVID-19 crisis has disrupted domestic exploration resulting in lower drilling activity, fueling concern about the future of short-term U.S. production.
“The production fund model provides the company with a great balance for our exploration activity, and also allows us the opportunity to apply our expertise to maximize the production of these added wells and potentially continue to explore the associated mineral leaseholds,” says Mark Eddinger, Executive Vice President of O’Brien.
Recommended AI News: BitBoss Announces Integration With Dotwallet to Offer Native Igaming Experience Using Bitcoin SV Blockchain
Metal reclamation depot Ferrous scrap material testing Iron scrap drop-off
Ferrous metal compliance, Iron and steel reuse, Scrap metal lifecycle management
Copper scrap classification Copper scrap pricing strategies Metal reclaiming and repurposing facility
Copper cable scrap export documentation, Scrap metal reclamation and reprocessing, Copper scrap shredding
magnificent issues altogether, you simply received a new reader.
What might you recommend in regards to your put up that you simply made some days
ago? Any positive?
We absolutely love your blog and find most of your post’s to be precisely what I’m looking for.
can you offer guest writers to write content in your case?
I wouldn’t mind composing a post or elaborating on a lot of the subjects you write regarding here.
Again, awesome weblog!
There is definately a lot to learn about this subject.
I love all the points you’ve made.
Woah! I’m really digging the template/theme of this
site. It’s simple, yet effective. A lot of times it’s very difficult to
get that “perfect balance” between superb usability and visual appearance.
I must say you have done a amazing job with this.
Additionally, the blog loads very quick for me on Safari.
Outstanding Blog!
Online-Apotheke für Medikamente Hexal Arboletes Medikamente in der Apotheke erhältlich
сынып жетекшісінің жоспары, сынып жетекшісінің жұмыс жоспарын құрыңыз тарифы кск в астане 2021, что входит в содержание жилья 2021 жалпы сұрақ мысал,
сұрақ құрастыру тіл туралы заңның орындалуы туралы есеп,
білім туралы заңның орындалуы
компания мегаком һидаят, тауфих сөзінің
мағынасы орман со-э711 tx plc ip п
rs, орман со-э711 цена снегоуборочная лопата,
лопата снегоуборочная алюминиевая
I do not even know how I finished up here, but I thought this put up was great.
I don’t realize who you might be however certainly you’re going to a famous
blogger in the event you are not already. Cheers!
399 бұйрық қазақша, 399 бұйрық 2024 үш тілді меңгеру еркіндіктің кепілі, үш тілді меңгеру эссе
5 сынып магнит разделить на
слоги, перевод с казахского на русский
гугл абайдың ой кеселдері талдау, күнделікті өмірмен байланыстырыңыз
Hello, I enjoy reading all of your article post. I
wanted to write a little comment to support you.
эксперимент бұл, эксперимент әдісі педагогика хоккейные коньки
астана, хоккейные коньки алматы көгершін түрлері,
ақ көгершін әнінің шығу тарихы как получить эцп в цоне рк, как получить эцп
ключ дома
отбасындағы зорлық зомбылық эссе, отбасындағы зорлық зомбылыққа жол
жоқ эссе можно ли выходить замуж в коридор затмений, коридор затмений 25 октября 2022 қасым қайсенов шығармалары, қасым қайсенов туралы сұрақтар сшод тараз
инстаграм, it лицей тараз
альфа банк терминалы тараз, альфа-банк тараз айтеке би үйден оқыту 2020 2021, үйден оқыту күнтізбелік жоспары 3 сынып екеумізде бір жүрек түрікше скачать, есігін жап өткен күндердің түрікше текст
отиниш хат, eotinish.gov единая платформа
Wow, superb weblog layout! How lengthy have you been blogging for?
you made running a blog look easy. The entire look
of your site is excellent, as neatly as the content material!
фрилансер переводчик испанского
как организовать дистанционную работу в школе подработка для студентов зарплата в день работа уборщицы в бресте подработка
мтс краснокаменск 402 дом режим работы обязанности и задачи технической поддержки подработка
в клининговой компании воронеж
коворкинг сайт фриланс