Ward Energy Partners LLC sold Scoop and Hoxbar assets to focus on the Stack play and Denver-Julesburg (D-J) Basin, the Oklahoma City-based company said Oct. 5.

The divested assets, located primarily in Stephens and Grady counties, Okla., are prospective for the Woodford, Mississippian and Springer reservoirs in the Scoop and Hoxbar oil trend. The buyer and terms of the transaction weren't disclosed.

Ward Energy Partners was formed in July 2014 by Ward Petroleum Corp., a family-owned and led independent company founded more than 50 years ago, and New York-based private equity firm Trilantic Capital Management LP.

“Ward has been drilling wells in the Scoop area of Oklahoma since the early 1980’s,” Bill Ward, president and CEO of Ward Petroleum, said in a statement. “It is a great area with a world-class petroleum system, outstanding reservoir rock and stacked pays. I believe you will see continued improvements that will create significant value for the players.”

Pro forma for the sale, Ward Energy Partners will continue to own and operate assets in the Stack play in Oklahoma and the D-J Basin in Colorado.

RBC Richardson Barr was financial adviser to Ward Energy Partners and Vinson & Elkins LLP was its legal adviser on the transaction.