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Beta Shale Acquires Oklahoma Oil and Gas Production for USD 5.1m
Thursday 25 February 2021

Beta Shale, LLC, an affiliated company of Oklahoma, US-based oil and natural gas company Derby Energy, LLC, has acquired certain Arkoma Basin producing properties from an undisclosed non-operating entity for USD 5.1m, the company said.

Beta Shale acquired on-operated working interest in 10 producing horisontal wells with a January 2021 average daily net production of 4,500 Mcfe (68% gas).

Derby Energy, LLC is the administrative management company for the following six entities: Derby Exploration, LLC (Operated - Anadarko Basin E and P); Thoroughbred Gathering, LLC (Operated - Anadarko Basin Midstream); Bakken HBT, LP (Non-Operated Williston Basin); Bakken HBT II, LP (Non-Operated Williston Basin); SCOOP I, LP (Non-Operated Anadarko Basin); and Beta Shale, LLC (Non-Operated Arkoma Basin).

Beta Shale, LLC is a non-operated E and P company with working interests throughout the Arkoma Basin, and is a privately held affiliate of Derby Energy, LLC.
Date Published: 25/02/2021