AEP CEO Aubrey McClendon. Image courtesy of HeritageHallOKC/Youtube.

American Energy Partners (AEP) agreed Wednesday to purchase non-operated interests in the SCOOP and STACK plays from a consortium led by Texas-based Double Eagle Energy Holdings for $251 million.

The properties are primarily located in southern and central Oklahoma in the counties of Canadian, Carter, Garvin, Grady, Kingfisher, Love and Stephens.

The interests currently produce about 1,800 barrels of net oil equivalent per day.

Key operators in the acquired interests include Oklahoma-based Continental Resources, Oklahoma-based Newfield Exploration Mid-Continent, ExxonMobil subsidiary XTO Energy and Marathon Oil Company.

The deal includes stakes in 82 wells currently drilling or waiting on completion and non-operated working interest in 543 existing or potential spacing units with 35 percent held by production and 31 percent actively being unitized.

Oklahoma-based AEP will also net 38 horizontal rigs on leaseholds held by its affiliate American Energy- NonOp (AENO) and 68 horizontal rigs on or within two miles of AENO leasehold.


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