Denver’s Allied Resource Partners said it has purchased 5 square miles, or 3,200 acres, in Grove County, Kansas, to expand its operational footprint in the Midcontinent region.

Allied said it intends to drill eight wells in the area, beginning at the end of 2024 through next year.

"These 8 initial wells could be the start of developing a field that will produce multiple millions of barrels of oil," Rich Tabaka, president of Allied Resource Partners, said in an Aug. 22 press release.

The company said that in July it had conducted a 3D seismic survey across the newly acquired acreage. Survey data is being processed by Allied’s team of geophysicists and the company is reviewing the preliminary findings.

"Now that we have shot the seismic, we are eagerly awaiting the data. Based on our adjoining acreage, we believe a significant oil trap will be identified,” Tabaka said. “All indications from the last 3D seismic shoot suggest that the structure continues into this new acreage. We moved quickly to secure these leases, especially after identifying an oil structure adjacent to it."

Allied said it is committed to advancing its exploration efforts in Kansas and will continue to review and refine its approach as new data becomes available.

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