Denver-based Caerus Oil and Gas LLC announced yesterday the purchase of more than 300 wells and approximately 160,000 net developed and undeveloped acres, all held by production, in Texas County, Oklahoma, for an undisclosed amount. Also included in the purchase were over 100 miles of gathering systems previously owned by the seller.  The acquired properties currently produce oil and liquid-rich natural gas from the Council Grove, Key, Chester, Cherokee and Morrow formations with average target depths between 5,000 and 7,000 feet.  The acreage ...


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