Kentucky-based Company Stays Busy in Oklahoma

Acting on the company’s decision to expand operations in Oklahoma, Bowling Green-based Allied Energy Group, Inc. has announced the close on assets that have increased their interest to 75 percent on 1,780 Oklahoma acres.
The assets contain 14 producing gas wells and 3 gas wells awaiting reworking service.
All totaled, Allied has secured about 3,100 acres in Oklahoma, the majority of which is in Rogers County, and has planned expenditures for 34 new wells over the next year.
Allied expects to drill 58 wells on the property and is currently working to secure additional acreage as part of its plan to drill 150-200 wells in this area.
The company is currently evaluating several projects that could quickly add an additional 4,000 acres of new Oklahoma land to develop.

Was this article helpful?

Related Articles

Leave A Comment?