Allied Energy, Inc. announced that it is currently finalizing plans to acquire an additional 15% working interest ownership in its 2,000 +/- acre lease near the town of Talala, Oklahoma.
"This acquisition is key in that it provides Allied Energy with 100% working interest ownership in the property and fits perfectly with our long-term plans to further development this area," said Steve Stengell, Allied's Vice President of Business Development.
The Company has approximately 6,000 acres under lease, more than 60 wells under development and continues to build its own gas line infrastructure system in Rogers County to maximize its price for gas at the wellhead.
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