Bronco Drilling Co. Inc., Oklahoma City, (Nasdaq: BRNC), has acquired Eagle Well Service Inc., Liberal, Kan., and related
subsidiaries for $2.5 million in cash and approximately $14.9 million in stock and will assume approximately $3 million in
debt in a total deal value of approximately $20.4 million. Eagle Well operates in Oklahoma, Texas, Kansas and New Mexico, and has 31 workover rigs, 24 of which are currently deployed. Bronco chief executive says Frank Harrison, “We believe the well-services business is a natural complement to ours and an entree into more mid- to late-cycle assets that could provide insulation from cyclicality.”
Marketed: Lake Crystal Energy Midland Basin Operated Properties
2023-01-09 - Lake Crystal Energy retained RedOaks Energy Advisors for the sale of certain Midland Basin operated properties.
Marketed: Crimson Resources II Eagle Ford Operated Properties
2023-02-06 - Crimson Resources II LLC has retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain operated properties located in the Eagle Ford.
Marketed: Ring Energy 142-Well Permian Basin Opportunity
2023-02-15 - Ring Energy Inc. retained EnergyNet for the sale of an operated interest in a 142-well package located in Culberson and Reeves counties, Texas.
Marketed: SNR Operating Kansas WI Operated Properties
2023-01-30 - SNR Operating LLC retained RedOaks Energy Advisors as its exclusive advisor in connection with the sale of an operated working interest in certain operated properties in Sumner and Cowley counties, Kansas.
Marketed: Anschutz Exploration Corp $9 Million Non-op Working Interests
2023-01-24 - Anschutz Exploration Corp. exclusively retained Eagle River Energy Advisors LLC to divest certain wellbore only, non-operated working interests that generate $9 million annualized cash flow from 430 boe/d of net production in the Powder River Basin of Wyoming.