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PostRock, Silver Creek Enter Woodford-Focused JV

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June 13, 2014

PostRock Energy Corp. (NASDAQ: PSTR) said on June 12 that it entered into a joint venture (JV) with Silver Creek Oil & Gas LLC covering about 17,900 gross acres in the Woodford Shale.

The JV will enable initial horizontal test wells to be drilled in Cleveland and Pottawatomie counties, Okla., the company said. This area includes part of the leasehold that PostRock acquired in late 2013, PostRock added. The first two horizontal wells, both targeting the shale, should be drilled and completed by year-end, the company noted.

The Oklahoma City-based ...

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