Continental Resources is showing no letup in searching for oil and gas in Grady County. Neither is Roan Resources.
The latest issuance of permits to drill by the Oklahoma Corporation Commission included 7 permits for Grady County. Four were granted to Oklahoma City-based Continental Resources in multi-well pads along state highway 39 just east of Chickasha.
Three permits went to Roan Resources, a company formed in 2017 in Oklahoma City. All three are at a site south of Tuttle.
Roan Resources was formed with contributions from Linn Energy, Inc. and Citizen Energy, II, LLC according to its website. The state indicated it was created with 140,000 net acres in the Merge/SCOOP and STACK plays. Since then, Roan has added holdings and now has 150,000 net acres.
After officially taking over field operations in January 2018, Roan Resources was producing nearly 40,000 Boe per day by the end of the first quarter 2018, with significant production growth expected in the second half of 2018.