Exploration & Production
Panhandle Oil and Gas Grows Production In The Granite Wash and Marmaton Plays
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Panhandle reported operating results for the Company’s fiscal third quarter and nine months ended June 30, 2012.
Fayetteville ShalePaul Blanchard, Senior Vice President and COO, said, “Our acquisition in the core of the Fayetteville Shale made early in fiscal 2012 has been primarily responsible for our growth in natural gas production. In aggregate, the Company has invested roughly $25 million to acquire extremely high quality dry gas properties during the last five quarters.”
Granite WashBlanchard continued: “On the other hand, drilling in western Oklahoma and the Texas Panhandle with the resulting new production has been responsible for the considerable growth in oil and NGL production.
The horizontal Granite Wash and Cleveland plays have been the most significant contributors to the…
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