Canyon Creek Energy – Arkoma LLC continues to stretch its acreage Arkoma Stack position and inventory, saying this month it had purchased assets from Quanah Energy LLC.
The financial details of the transaction weren’t released. Canyon Creek said it added 50,000 gross acres of liquids-rich acreage in the Mississippian and Woodford shale plays in Oklahoma. The company now holds more than 100,000 acres across 160 operated drilling units in the Arkoma Stack play.
The acquisition also increases Canyon Creek’s inventory of horizontal drilling locations to nearly 1,300.