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One-Page Deal Sheet

New Western Picks Up MissLime, Cleveland Leasehold

New Western Energy Corporation Not Disclosed
AnnouncedAug 4, 2015
TypeProperty
LocationCleveland,Mississippi Lime,Granite-Cleveland-Tonkawa
Announced Date
August 04,2015
Close Date
August 04,2015
Transaction Type
Property




Snapshot
Asset/Basin:
{Mid-Continent}
TargetZones:
{"Mississippi Lime",
Net Acres
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Location
Region
Mid-Continent

Country
United States

State
Oklahoma

County
Osage

Play
Cleveland,Mississippi Lime,Granite-Cleveland-Tonkawa



Transaction Details:  Subscribe to see

New Western Energy Corporation has completed the acquisition of oil and gas leases in the Avant Field, in Osage County, Oklahoma with 17-quarter sections consisting of 2,720 contiguous acres.

Javan Khazali, CEO of New Western Energy, said: "We are delighted to acquire this fertile and historically strong producing leasehold acreage. Our initial work plan is to pump the existing producing wells and pull and repair wells we have targeted. During this preliminary production time our geology team will analyze the logs and structure maps as well as the production performance of the initial wells…


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Other Mid-Continent Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-27-2025 - - Click here Texas  E&P
Jul-29-2024 - - Click here Oklahoma  E&P
Mar-02-2022 - - Click here Oklahoma  E&P
Nov-10-2021 - - Click here Texas  E&P
May-18-2021 - - Click here Oklahoma  E&P

Price History


Date Deal Headline Price$/acre
Dec-09-2019 Revolution to Acquire Jones Energy II for ~$200MM in Cash - -
Aug-04-2016 Jones Energy Inks Deal for Anadarko Basin Assets; 26,000 Net Acres - -
Nov-05-2015 Jones Energy Bolts-On 10,000 Net Cleveland Acreage For $3 Million - -