Casillas buys Chesapeake SCOOP interests

A partnership of privately held Casillas Petroleum Corp., Tulsa, and Kayne Anderson Energy Funds, Los Angeles, has purchased producing interests in the South Central Oklahoma Oil Province (SCOOP) play from Chesapeake Energy Corp. for $106 million.

A partnership of privately held Casillas Petroleum Corp., Tulsa, and Kayne Anderson Energy Funds, Los Angeles, has purchased producing interests in the South Central Oklahoma Oil Province (SCOOP) play from Chesapeake Energy Corp. for $106 million.

The buyer, Casillas Petroleum Resource Partners LLC, acquired 12,000 net acres, all held by production, with 260 producing wells. Production rates weren’t reported.

In a press release, Greg Casillas, president and chief executive officer, didn’t specify drilling plans but noted “the immediate development potential we see in the (Devonian) Woodford and (Mississippian) Springer shales.”

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