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Tulsa-based Citizen Energy announced it has closed an acquisition of substantially all of the oil and gas properties of Red Bluff Resources and Bricktown Energy with an April 1, 2022 effective date.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220629005976/en/
Map of Transaction Acreage. (Graphic: Business Wire)
The acquisition will generate a 18% increase in Citizen’s daily production and includes an additional ~13,000 BOEPD (56% liquids), 200 operated wells, and 739 non-op wells. Citizen’s existing ~245,000 net acre position coupled with Sellers ~80,000 net acres will create a dominant Mid-Continent footprint.
Pro forma for the acquisition, Citizen assets will …
Full story available on Benzinga.com
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