Unit Petroleum to acquire Brighton Energy

By OGJ editors
HOUSTON, Oct. 3 -- Unit Petroleum Co., Tulsa, plans to acquire privately owned Brighton Energy LLC for $67 million. The acquisition includes proved reserves of 27 bcf of gas equivalent and 5 MMcfd of production.

Unit has identified 27 proved undeveloped locations that can be drilled in addition to numerous probable and possible locations. This acquisition is expected to close Oct. 13.

The reserves are 78% natural gas and 67% proved developed. Most of the acquired reserves are in the Anadarko and Gulf Coast basins of Oklahoma, Texas, and Louisiana, with additional reserves in Arkansas, Kansas, Montana, North Dakota, and Wyoming.


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