Red Wolf team back in shale after SCOOP/STACK acreage buy

By Luke Geiver | May 21, 2019

After forming in February, Red Wolf Natural Resources is back in the shale game. Drew Deaton and his team previously worked in developing shale assets in multiple plays including the DJ Basin and Anadarko Basin of Oklahoma, but now the team will focus on the SCOOP/STACK of Oklahoma. The exploration and production company acquired roughly 56,000 net acres and associated production.

The acreage features some contiguous opportunities that will allow for extended lateral drilling. The company also said there are existing infrastructure agreements with midstream operators already in place.

“We are excited for our re-entry into Oklahoma’s prolific SCOOP, STACK and Merge plays with the acquisition,” said Deaton, Red Wolf CEO. “This strategic acquisition represents both near-term and long-term value as well as significant growth potential for Red Wolf. We think that the SCOOP, STACK and Merge plays combine many important characteristics of top-tier hydrocarbon plays, including multiple benches of stacked pay which provide compelling economic returns and repeatable results.”

Pearl Energy Investments provided the initial equity commitment to Red Wolf.