Panhandle Oil and Gas Enters Haynesville Shale with Red Stone Acquisition

Transaction Type
Basin
SCOOP; Haynesville Shale
Announce Date
Post Date
Close Date
Estimated Price
$6.9MM
Description

Purchased two packages totaling approximately 795 net royalty acres in the SCOOP and Haynesville plays currently producing 1.1 MMcfe/d (6% oil, 1% NGL and 93% natural gas).