Denver’s Allied Resource Partners, a five year old energy firm, announced a significant expansion of its oil and gas portfolio with the recent acquisition of 23 continuous sections of oil leases in Gove County, Kansas.
The county is in the northwestern part of the state and Quinter is its largest city. Allied Resource leadership called the acquisition a “substantial step forward” in the company’s goal of identifying and developing new energy resources in the region.
“We are extremely pleased that we were able to get all these mineral owners to agree to lease this giant acreage block that has never had a 3D shoot before and is surrounded by multiple million-barrel oil fields. It doesn’t get much more exciting than this as far as anticipation,” said Rich Tabaka, President of Allied Resource Partners. “The real excitement will start when we begin drilling the locations we find.”
The newly acquired leases cover a vast expanse of prime oil and gas territory in the heart of Kansas, providing Allied Resource Partners with a promising opportunity to enhance its production capabilities and contribute to the local and national energy landscape.
In addition to this acquisition, Allied Resource Partners announced its upcoming 3D seismic survey, scheduled for January of this year. This seismic study will play a pivotal role in identifying future drilling locations, laying the groundwork for the company’s ambitious exploration and production plans for the 2024 calendar year.
The 3D seismic survey will utilize cutting-edge technology to map the subterranean geology and potential reservoirs in the acquired acreage. By analyzing the data generated through this survey, Allied Resource Partners aims to pinpoint optimal drilling locations and maximize the efficiency and productivity of its operations.
Source: Business Wire