Derby Energy Acquires Non-Op Oklahoma Oil and Gas Production

Source: www.gulfoilandgas.com 2/24/2021, Location: North America

Derby Energy, LLC, an Oklahoma City-based oil and natural gas company, reported that, on February 19, 2021, Beta Shale, LLC, one of its affiliated companies, closed on the acquisition of certain Arkoma Basin producing properties from an undisclosed non-operating entity for $5,100,000.

Transaction Highlights:
- Non-operated working interest in 10 producing horizontal wells
- January 2021 average daily net production of 4,500 Mcfe (68% gas)
- 1,173 net leasehold acres (100% held by production)


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