Tapstone wins Chesapeake’s Oklahoma assets in bankruptcy auction
Monday, November 30, 2020
Tapstone Energy successfully bid for and absorbed Cheapeake’s Oklahoma assets during a bankruptcy auction earlier this month, according to Natural Gas Intelligence.
The recent sale includes more than 700,000 net acres covering producing formations in west and northwest Oklahoma. It adds to Tapstone’s foothold in the Anadarko Basin in Oklahoma, Texas and Kansas.
The recently-sold assets accounted for just 12,000 boe/d of Chesapeake’s third-quarter 2020 production. Overall, Chesapeake produced 445,000 boe/d in the third quarter.
Learn more: Natural Gas Intelligence > Tapstone Energy wins Chesapeake’s Midcontinent assets in bankruptcy auction
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