Standard Oil Purchases 24 Ok. Leases

Standard Oil announced the purchase of 24 Revenue Producing Oil/Gas Leases in Latimer County, Oklahoma from AAT Investments, Inc. of Oklahoma City, OK. The 24 leases are presently operated by Chesapeake Energy (

The closing date of this purchase agreement is set for July 15th, 2010.

Ronald Brooks, Chairman of Standard Oil, said, "This acquisition not only marks our entrance into Oklahoma's vast oil and gas reserves but also furthers our quick approach to revenues for Standard Oil by purchasing interests in existing production. Further, this acquisition allows us to drill our own wells on these leases wherein we know we have proven reserves."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Coordinator
Expertise: Client Representative|Process Management|Technical Writing
Location: Houston, TX
Executive Assistant
Expertise: Executive|Secretarial or Administrative
Location: United States
Regional Manager - Saybolt
Expertise: Executive|Operations Management
Location: Linden, NJ
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours