Allied Energy Group Inc. announced today that it has signed an agreement to acquire existing production and 1,895 acres to be developed in southern Rogers County.
Allied will acquire working interest ownerships in 9 producing wells, 2 wells to be serviced and placed in production, and 1,895 additional acres located near Oologah. The company will immediately complete 5 wells and drill nine new wells on the acquired acreage.
This acquisition is a southern extension of a current Allied development area.
The company plans to secure additional acreage in Rogers County with the goal of drilling about 150-200 wells over the next couple of years.