Canyon Creek Forms JV To Accelerate Arkoma Stack Drilling

摘要

CANYON CREEK Energy-Arkoma LLC is planning to boost drilling activity across its 100,000-gross-acre position in the Arkoma Stack play through a new joint venture (JV). The Tulsa, Okla.-based E&P said April 19 it entered a joint development agreement with Pivotal Petroleum Partners II LP to jointly fund Arkoma Stack development on Canyon Creek's acreage in southeastern Oklahoma. Luke Essman, president and CEO of Canyon Creek, said the agreement marks a revival of the Arkoma Basin, a region where drilling activity dates back to the 1930s.