Casillas Petroleum Resource Partners LLC, a partnership formed earlier this year by Tulsa producer Casillas Petroleum Corp. and Los Angeles private equity firm Kayne Anderson Capital Advisors LP, has made its second deal for acreage in the Oklahoma SCOOP.
The firm bought 30,000 net acres with net production of 550 boe/d in Garvin, Grady, and McClain counties from Continental Resources Inc., Oklahoma City, for $294 million. Ninety percent of the acreage is held by production.
“Casillas’ footprint has grown to over 42,000 net acres, yielding immediate development potential in the Woodford and Springer shales with tremendous upside in multiple horizons that have produced vertically in the area for decades,” commented Greg Casillas, president and chief executive officer of Casillas Petroleum.
Casillas Petroleum Resource Partners' first purchase was 12,000 net acres and 260 producing wells in the SCOOP from Chesapeake Energy Corp. for $106 million (OGJ Online, Apr. 22, 2016).
Kayne Anderson’s energy segment just last week sold its Dallas-based Silver Hill firms and their 41,000 net acres in the Delaware basin of West Texas to RSP Permian Inc. for $2.4 billion (OGJ Online, Oct. 14, 2016).
Contact Matt Zborowski at [email protected].