Allied Resource Partners has acquired 23 continuous sections of oil leases in Gove County, Kansas, in the US, from an undisclosed company.

The strategic acquisition provides Allied Resource Partners with access to a vast area of prime oil and gas territory, signifying a major step in its mission to develop new energy resources.

The leases span an extensive region in the heart of Kansas, offering the company an opportunity to boost its production capabilities, the company said.

Financial terms of the deal were undisclosed.

Furthermore, Allied Resource Partners is planning to conduct a 3D seismic survey in January 2024, which is crucial for identifying future drilling sites.

This survey is part of the company’s comprehensive exploration and production strategy for the year 2024.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

The advanced technology used in the 3D seismic survey will enable the mapping of underground geology and potential reservoirs within the newly acquired acreage.

The data from this survey is expected to assist Allied Resource Partners in locating the most effective drilling sites, thereby enhancing the efficiency and output of its operations.

Allied Resource Partners president Rich Tabaka said: “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.

“The real excitement will start when we begin drilling the locations we find.”