Trive Capital in partnership with Core Minerals III, LLC has acquired substantially all of the assets of Chesapeake Energy Corporation’s Southern Appalachian Division. The assets include approximately 1.3 million net acres of conventional gas production and developmental acreage in Eastern Kentucky and West Virginia, a gathering system and associated midstream facilities. The assets also produce over 83 MMcfe/d through a system supported by over 4,000 miles of pipeline.
Core Minerals purchased from Ellery Investments, LLC , a majority working interest and operations in the Ellery Unit located in Edwards and Wayne Counties, Illinois. The field is comprised of approximately 1,100 acres producing from 21 wells. As part of the transaction, Core Minerals will begin an extensive redevelopment plan in cooperation with Ellery Investments, LLC, which shall include drilling new exploratory wells and instituting a comprehensive waterflood operation.
Core Minerals added to its Illinois Basin production base by purchasing 53 wells from Whitney Oil Company. These producing wells are located in IN, KY, and IL and presents a good opportunity to increase production from the wells by applying Core's operational efficiencies.
Core Minerals acquired a significant oil and gas lease for approximately 5,300 acres located in Indiana. The acquisition of the lease will provide Core Minerals a platform to expand its exploration efforts into a significantly underexplored part of Indiana.
Core Minerals entered into a Farmout Agreement with Barger Engineering, Inc., Jaguar Oil, LLC, and Vertex Energy, LLC to redevelop and waterflood an existing Waltersburg Field located in Edwards County, Illinois. Core Minerals acquired 4 existing wells in the transaction.
Core Minerals closed an acquisition from Illinois Oil, LLC on two producing oil and gas leases and five producing oil wells and one active injection well located in Clay and Marion Counties, Illinois. Illinois Oil, LLC and other partners will retain minority interests in the projects with Core Minerals going forward.
Core Minerals announces its closing of a joint venture to develop the Roland Unit Area II located in White County, Illinois. In connection with the transaction, Core Minerals will become operator of the Prospect, including assuming control of the Unit and 64 wells. Core will continue the development of the Prospect with the current owners, Pabeti, Inc. and Brookston Resources, Inc.
Core Minerals purchased producing oil properties, including 4 wells, located in Webster County, Kentucky, from Jaguar Oil, LLC.
Core Minerals purchased the Odon Field, including 7 wells, located in Daviess County, Indiana, from Max Knierim, Inc., et al.
Core Minerals purchased producing oil and gas assets from Sun Exploration, Inc., including 35 wells located in Henderson and Webster Counties, Kentucky, and Gibson County, Indiana.
Core Minerals completed a significant divestiture of producing oil and gas assets to CountryMark Energy Resources, LLC, which included approximately 1,000 wells located throughout the Illinois Basin.
Core Minerals completed its purchase of undeveloped New Albany Shale Acreage and pipeline connection from Imperial Petroleum, Inc. within the Claymour Field in Todd County, Kentucky, adding to its extensive leasehold position in the area.
Core Minerals purchased a horizontal well from Clifford B. Mansfield, LLA Exploration, Inc., continuing development operations on the Storms Consolidated Field located in White County, Illinois and entered into a drill to earn farmout of the field.
Core Minerals purchased approximately 37 BOPD from Kelcas Corporation, Inc. located in Henderson, Daviess, and McLean Counties, Kentucky and Spencer and Vanderburgh Counties, Indiana.
Core Minerals purchased producing oil and gas assets from Booth Oil Co., Inc., producing approximately 99 gross barrels of oil per day, located in Clay, Marion, Richland and Wayne Counties, Illinois.
Core Minerals purchased approximately 100 BOPD located in Wayne and Macon Counties, Illinois, from Hartshorne Oil Company, Inc.
Core Minerals purchased the assets of KS Oil Corp, producing approximately 133 BOPD, located in Posey and Vanderburgh Counties, Indiana.
Core Minerals purchased the assets of IBEX Geological Consultants, Inc. producing approximately 25 BOPD located in Macon, IL.
Core Minerals purchased the assets of Geigo Oil Company, including approximately 417 wells, with gross production averaging approximately 530 barrels of oil per day, located throughout Daviess, Henderson, Hopkins, McLean, Union, and Webster Counties, Kentucky and Posey County, Indiana, oil transportation and hauling equipment, and other oil exploration and production related properties.
Core Minerals purchased leases producing approximately 30 BOPD from Don W. Davis Enterprises, located within Pike, Gibson, and Posey Counties, Indiana.
Core Minerals purchased a waterflood unit located in Pike County, Indiana from Fritz Operating Co., Inc., producing approximately 10 BOPD.
Core Minerals purchased oil and gas leases from Jordan Oil Co., Inc., producing approximately 64 gross barrels of oil per day, located throughout Crawford, Edwards, and Wabash Counties, Illinois; Daviess and Henderson Counties, Kentucky; and Daviess, Gibson, Knox, Pike, Spencer, and Vanderburgh Counties, Indiana.