Oseberg.io reported this week that Stone Oak Operating, LLC acquired more than 100 wells from Tapstone Energy in Northwest Oklahoma (particularly Beaver, Ellis, and Harper county).
The transfer of operator form 1073 dated August 15 and filed with the OCC, showed there were 153 wells transferred to Stone Oak Operating, LLC. A review of the form 1073 shows that one of the wells appears to have been kicked out, the Rose Hill 2-29, so we show 152 wells transferred, 62 wells in Beaver County, 24 wells in Ellis County, and 66 wells in Harper County.
Stone Oak is an Oklahoma Domestic Limited Liability Company formed in March of 2017.
Stone Oak is led by Mr. Lee Wescott, who founded Stone Oak Energy and serves as the company’s President and Chief Executive Officer. Mr. Wescott has more than 20 years of experience in the oil and gas industry and has worked extensively in a variety of onshore conventional and unconventional resources plays with both small and large integrated independent oil and gas companies. Prior to founding Stone Oak Energy, he was the Director of Geoscience for American Energy Partners and was instrumental in developing the geologic models of the core Anadarko Basin Resource Plays. Prior to American Energy Partners, Mr. Wescott was the Vice President of Exploration for SandRidge Energy. Before joining SandRidge, Mr. Wescott held numerous technical and leadership roles with Chesapeake Energy and gained exposure to the Permian, Anadarko, Powder River and DJ Basins as well as the Haynesville and Barnett shale plays. Mr. Wescott spent his early career serving in roles of increasing of responsibility for Ascent Energy, Prize Energy and Coho Resources. Mr. Wescott holds a bachelor’s degree in Geoscience from the University of Texas at Dallas and an MBA from the University of Oklahoma.
Prior to the transfer of operator, IHS records show that Tapstone Energy was the operator of 297 wells in the three-county area, 95 wells in Beaver County, 71 wells in Ellis County, and 131 wells in Harper County.
IHS records indicate that Stone Oak operates another 67 wells across Canadian, Custer, Dewey, Kay, Major and Woods Counties, Oklahoma, of which 50 of these wells show as “active”.