Citizen Energy LLC recently landed a gas-rich, bolt-on acquisition that analysts with Enverus say will boots the companys production largely within its existing Anadarko Basin footprint by 12%. Citizen will have net daily production of about 74,000 BOEPD, interests in more than 1,700 wells and over 230,000 net acres across the Mid-Continent. We also use third-party cookies that help us analyze and understand how you use this website. If you are having difficulty paying your bill, we offer several options to avoid interruption of your service. Joseph P. Kennedy II founded Citizens Energy in 1979 and over the next seven years built up successful ventures in the oil, natural gas, electricity trading, energy conservation and mail-order pharmaceutical industries. 2023 BridgeTower Media. the state. Shearman & Sterling served as legal counsel for the company. Payment Locations. Tulsa-based oil and natural gas company Citizen Energy Operating, LLC announced Tuesday it has agreed to buy Oklahoma City-based Roan Resources, Inc. in an all-cash transaction for about $1. that Citizen Energy Iii, Llc can drill in the future. Edit Lists Featuring This Company Section, CitizEn Energy: No net profit for Southampton council firm, Oil and Gas Companies With Less Than $50M in Revenue, Oil and Gas Companies With More Than 10 Employees (Top 10K), Natural Resources Companies With More Than $1M in Revenue. coming Tulsa-based Citizen Energy announced that it has entered into a definitive $153 million Purchase and Sale Agreement with an undisclosed seller for holdings in the STACK and SCOOP plays of Oklahoma. He detailed his companys discipline, vertical integration and presence across the Anadarko. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. A searchable database of oil and gas debt and equity offerings. APPEAL FROM THE DISTRICT COURT OF CANADIAN COUNTY, OKLAHOMA HONORABLE PAUL HESSE, TRIAL JUDGE AFFIRMED A. Gabriel Bass, Jana L. Knott, BASS LAW, Oklahoma City, Oklahoma, for Plaintiff/Appellant, Information on assets, buyers and sellers, deal values, and more. View contacts for Citizen Energy to access new leads and connect with decision-makers. On June 29, 2022, Citizen Energy acquired oil/gas exploration company Red Bluff Resources from Pine Brook Partners. and 0 MCF of gas, Citizen Energy is an integrated oil and natural gas company engaged in the acquisition, development, production, exploration and sale of crude oil and natural gas properties located in Oklahoma, primarily targeting the Meramec and Woodford Shale formations. Citizen Energy's Case for the Midcontinent, Meritorious Awards for Engineering Innovation (MEAs), Meritorious Awards for Engineering Innovation (MEA), US-Mexico Energy Trade Reaches Record $81.9 Billion in 2022, Mitsui O.S.K. Citizen Energy Sees Dominant Footprint Following Latest Midcontinent Acquisition. (BOE) reported during the month Citizen Energy is a privately funded company. United States, Citizen Energy Sees Dominant Footprint Following Latest Midcontinent Acquisition, Warburgs Citizen Energy Expands in Oklahoma with $153 Million Bolt-on, Riviera Resources Sells Blue Mountain Midstream in $111 Million Cash Deal, Roan Resources To Become Citizens In $1 Billion All-Cash Deal, Linn Energy Spinning Off Merge/Scoop/Stack E&P, Linn Energy Spinning Off Merge/Scoop/Stack E&P, This content is locked until you subscribe. 320 S. Boston Ave. Find top employees, contact details and business statistics at RocketReach. Address: 320 S Boston Ave Ste 900 Tulsa, OK, 74103-3729 United States See other locations Phone: Website: www.citizenenergyok.com Employees (this site): This is Citizen Energy's 2nd transaction in the Oil/Gas Exploration sector. Citizen Energy is an Oil and Gas, Petrochemicals, and Geology company located in Tulsa, Oklahoma with $4.00 Million in revenue and 82 employees. If you have anyCustomer Feedbackyou would like to share with us, we are eager to hear how we can better serve you as we continually work to offer a customer first experience. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. 2023 Hart Energy. OKLAHOMA CITY-- (BUSINESS WIRE)-- Roan Resources, Inc. (NYSE: ROAN) ("Roan" or the "Company") today announced that it has entered into a definitive merger agreement to be acquired by Citizen Energy Operating, LLC ("Citizen Energy"), an affiliate of Warburg Pincus LLC ("Warburg Pincus"), in an all-cash transaction valued at approximately $1.0 bil. Database of selected U.S. and international exploration wells. Rextag database of energy infrastructure assets. Oklahoma Wells assists oil and gas operators and service companies to identify drilling, production and water disposal trends across the State of Oklahoma. A headline purchase price of $153MM will be funded entirely out of existing liquidity within Citizens RBL facility, which was upsized to $850MM prior to the transaction. Oklahoma joins the march toward higher prices at the pump, To find a job or not find a jobOklahoma update. Learn about our convenient options for managing your billing. A searchable database of oil and gas debt and equity offerings. Copyright 2023 Oil Gas Leads. All rights reserved. Database of selected U.S. and international exploration wells. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Oklahoma E&P Citizen Energy pointed to its gains in the Anadarko Basinand the inevitable need for inventorythat may one day lure companies north to the Midcontinent. Citizen Energy is an oil and natural gas exploration company that focuses on developing horizontal play concepts in the onshore region. Tulsa-based Citizen Energy announced that it has entered into a definitive $153 million Purchase and Sale Agreement with an undisclosed seller for holdings in the STACK and SCOOP plays of Oklahoma. are 17 permits filed with the state the state. 320 S Boston Ave Ste 900 1 spot among 20 top-performing banks with $2 billion to $10 b[], Governors of Oklahoma, Arkansas and Iowa were tapped recently to nominate 10 education providers in [], The 6,000 members of the International Association of Machinists and Aerospace Workers Local 839 at [], Rose State College is partnering with Mid-Del Public Schools to expand concurrent enrollment opportu[], The Oklahoma Bar Association has announced that a deadline to submit nominations for OBA awards has [], Broken Arrow company lands agreement at Paris Air Show, CareerTech gears up to train more students for careers in aerospace, Airline delays, cancellations spread prior to holiday weekend, Southwest reaches labor deal with mechanics, Spirit AeroSystems suspends Wichita plant operations after labor contract reject[]. Citizen Energy III is a Tulsa, Okla.-based E&P company backed by Warburg Pincus that focuses on the development of horizontal play concepts in the Anadarko Basin, according to the company website. The Purchase and Sale Agreement provides that Citizen will acquire ~8,000 BOEPD of production (58% gas and 25% NGLs), 97 operated wells, 400 non-op . hbspt.cta.load(2545024, '008418e9-e889-4c6b-bc4d-fbd75385f1f6', {"useNewLoader":"true","region":"na1"}); 2023 Citizens Energy Group. Closing is expected to. The company stated that the contiguous nature of the acquisition provides an ideal opportunity for infrastructure connectivity and development continuity. The company's management team features extensive horizontal technical experience throughout Oklahoma, Texas, Arkansas, and Louisiana. Thu, 05/25/2023 - 10:59 AM Oklahoma E&P Citizen Energy pointed to its gains in the Anadarko Basinand the inevitable need for inventorythat may one day lure companies north to the Midcontinent. Contact Name: Robbie Woodard Contact Phone: (918) 949-4680 Business Address: Citizen Energy Iii, Llc 320 S Boston Ave Ste 900 TULSA , OK . Citizen will fund the purchase entirely out of existing liquidity within the companys reserve based lending facility, which was upsized to $850 million prior to the transaction. Helms described the Tulsa, Oklahoma-based company as hustling since its creation 11 years ago to consolidate the Anadarko Basin in west Oklahoma, working up to about 585 horizontal wells producing 80,000 bbl/d on 350,000 net acres. Suite 900 Energy news, analysis, interviews, and exclusive coverage you need to keep your industry edge. 2023-06-26 - Stock certificates representing a 49.9% stake in Citgo Holding Inc. have been recovered by Venezuela's PDV Holding Inc. from Rosneft Trading. Citizen Energy is currently focused on developing horizontal play concepts in the onshore region of the United States. 74103-3729, Citizen Energy Iii, Llc Citizen Energy Iii, Llc is Pro forma for the acquisition, Citizen will have net daily production of ~74,000 BOEPD, interests in over 1,700 wells and over 230,000 net acres across the Mid-Continent. A headline purchase price of $153MM will be funded entirely out of existing liquidity within Citizens RBL facility, which was upsized to $850MM prior to the transaction. All Rights Reserved. of 03-01-2023. TULSA Tulsa-based Citizen Energy has entered into an agreement with an undisclosed seller to acquire about 8,000 barrels of oil equivalent per day of production (58% gas and 25% natural gas liquids), 97 operated wells, 400 non-operational wells and 28,000 net acres (94% held by production) largely within Citizens existing footprint in Oklahoma. Database of selected U.S. and international exploration wells. The privately funded company was founded in November 2017 and initially pursued emerging extensions of the STACK and MERGE plays. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Subscribe for free to our newsletters for the latest energy news. The Journal Record is an award-winning daily general business and legal publication that includes a daily print newspaper and a 24/7 website. Join MineralAnswers.com for Production Access, Bunyard Robert Chad Dba Bunyard Production. Tulsa-based Citizen Energy has entered into an agreement with an undisclosed seller to acquire about 8,000 barrels of oil equivalent per day of production (58% gas and 25% natural gas liquids), 97 . 2023-05-10 - BP has started drilling a wildcat well off Canada's coast and revived the development of a Gulf of Mexico reservoir. Citizen expects the acquisition to be accretive to shareholder returns and crucial to building and maintaining its momentum as the largest private operator in Oklahoma, the company added. . In the shadow of the Permian Basin, Citizen Energy, an Oklahoma company busy in the Anadarko Basin, portrayed itself as a great, Following the acquisition of Red Bluff Resources and Bricktown Energy, Citizen Energys Midcontinent position now encompasses 326,000, Margins are strong in the multistream SCOOP, STACK and Merge where operators are dialing up the hydrocarbon weighting they want from, Warburg Pincus-backed Citizen Energy agreed to acquire from an undisclosed seller 28,000 net acres described as a gas-rich, bolt-on, Check out the latest oil and gas drilling activity highlights across the U.S.featured in the September issue of E&P Plus, A Marcellus Shale discovery by Southwestern Energy in West Virginias Ohio County plus Occidental Petroleum completes Wolfcamp, The merger of Roan Resources with Citizen Energy may portend future take-private offers for public companies that have largely been, Roan Resources Inc. has entered into a definitive merger agreement to be acquired by Citizen Energy Operating LLC, an affiliate of. Citizen Energy is a privately funded company backed by Warburg Pincus LLC. Citizen Energy Iii, Llc currently ranked #64 in the state of Oklahoma based on a total production Information on assets, buyers and sellers, deal values, and more. Use of this website is subject to its Terms of Use | Privacy Policy | Your California Privacy Rights/Privacy Policy | Do Not Sell My Info/Cookie Policy. In the shadow of the Permian Basin, Citizen Energy, an Oklahoma company busy in the Anadarko Basin, portrayed itself as a great target at SUPER DUG. The company has an estimated daily production (BOE) reported during the month (Source: Shutterstock). Rextag database of energy infrastructure assets. Closing is expected to occur in the fourth quarter of 2021 and is subject to customary conditions and purchase price adjustments. A late drilling permit issued by Oklahoma regulators indicated Citizen Energy received approval to drill the NOWLIN #1H-21, on the same site as the NOWLIN #1H-16-9, the NOWLIN #2H-16-9 and the NOWLIN #2H-21-28.. All are to be located at 16 10N 5W which is a site several miles south of the city of Mustang and immediately north of the Canadian River. Schaper Energy Consulting acted as technical advisor and Shearman & Sterling served as legal counsel for Citizen Energy on the transaction. The company has drilled to 15,000 ft vertical depths and two-mile laterals. All rights reserved. of 321 BBLs oil 2023 Hart Energy. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Citizen Energy III LLC. If you prefer to pay your bill in person, Citizens offers several convenient options. , OK . The company has an estimated daily production of 0 BBLs oil and 0 MCF of gas, coming from 8 actively producing wells in the state. 2023-06-27 - INEOS Energy Trading selected Mitsui O.S.K. The acquisition will have a July 1, 2021 effective date. Click here to learn more about Combined Billing, or to request this service. of 0 BBLs oil 320 S. Boston Ave. Suite 900 Tulsa, OK 74103 United States Website citizenenergyok.com Email info@CE2OK.com Main Phone Number +1 918-949-4680 Transactions Report Date Amount (MM) Description 2022-06-30 -- Citizen Energy Sees 'Dominant Footprint' Following Latest Midcontinent Acquisition 2022-06-30 -- It is mandatory to procure user consent prior to running these cookies on your website. (Source: Shutterstock) Reproduction in whole or in part, in any form or medium without express written permission is prohibited. 74103-3729. Gateway First Bank has claimed the No. of 72,852,591 barrel of oil equivalent from 8 actively producing wells in All rights reserved. Pro forma for the acquisition announced Oct. 11, Citizen Energy will have net daily production of about 74,000 boe/d, interests in over 1,700 wells and more than 230,000 net acres across the Midcontinent region. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Prices for top E&P stocks and commodities. However, the company eventually returned to the core of the MERGE through the acquisition in 2019 of Roan Resources, a publicly traded oil and gas producer which had a position of 140,000 net acres. Citizen Energy is a privately funded company that is currently focused on developing horizontal play concepts in the onshore region of the United States. Subscribe for free to our newsletters for the latest energy news. Call (317) 924-3311orContact UsOnline. OKLAHOMA CITY-- ( BUSINESS WIRE )--Roan Resources, Inc. (NYSE: ROAN) ("Roan" or the "Company") today announced that it has entered into a definitive merger agreement to be acquired by Citizen. Meritorious Awards for Engineering Innovation (MEAs), Meritorious Awards for Engineering Innovation (MEA), Citizen Energy's Case for the Midcontinent, E&P Plus: September 2020 US Drilling Activity Highlights, Best of This Weeks Drilling Activity Highlights (Sept. 11, 2020), Citizen Energy To Acquire Roan Resources For $1 Billion. Necessary cookies are absolutely essential for the website to function properly. Lines (MOL) to build two new LNG carriers to import LNG into Germany from the U.S. 2023-06-27 - 52% of Germany's power consumption for the first half of the year has been renewable, according to data. The Purchase and Sale Agreement provides that Citizen will acquire ~8,000 BOEPD of production (58% gas and 25% NGLs), 97 operated wells, 400 non-op wells and 28,000 net acres (94% HBP) which lies largely within Citizens existing footprint. The $1 billion take-private acquisition of Roan established Citizen Energy III as the largest private operator in Oklahoma. Call (317) 924-3311 or Contact Us Online. Citizen Energy is a privately funded company. For more information about gaining access to our investor portal, please Contact Us. Many rely on decentat leastnatural gas and NGL prices in addition to a decent oil price. Citizen Energy III LLC is a corporation operator based in Tulsa, Oklahoma for 23 oil and gas leases14 are authorized, 4 are pending, and 1 is closed. Get the latest updates every Tuesday on exploration, drilling, production and offshore. By: Journal Record Staff//October 12, 2021, Citizen Energy acquiring production assets. Our management team features extensive horizontal technical experience throughout Oklahoma, Texas, Arkansas and Louisiana. Address: 320 S Boston Ave Ste 900 Tulsa, OK, 74103-3729 United States Phone: Employees (this site): Modelled Employees (all sites): Paying your bill is easy with options to fit your lifestyle. Energy news, analysis, interviews, and exclusive coverage you need to keep your industry edge. TULSA , Both focus on local and statewide business trends and in-depth stories that convey the voice of the Oklahoma business community. Citizen Energy is an oil and natural gas exploration company that focuses on developing horizontal play concepts in the onshore region. Active, Closed, Last funding round type (e.g. Citizen expects the acquisition to be accretive to shareholder returns and crucial to building and maintaining its momentum as the largest private operator in Oklahoma. 2023-06-30 - Trio Petroleum expects cash flow from its South Salinas HV-1 well in California in the third quarter of 2023. Your California Privacy Rights/Privacy Policy. In the shadow of the Permian Basin, Citizen Energy, an Oklahoma company busy in the Anadarko Basin, portrayed itself as a "great target" at SUPER DUG. We look forward to serving you and meeting all your utility needs. Prices for top E&P stocks and commodities. Find helpful tips on reading your bill here. OK . 2023-05-24 - Equinor aims for 70% recovery rate from the Norwegian Continental Shelfs Sverdrup Field. Rextag database of energy infrastructure assets. (Source: Hart Energy; Image of Tulsa Oklahoma Golden Driller statue by Vineyard Perspective / Shutterstock.com). All rights reserved. Citizen expects the acquisition to be accretive to shareholder returns and crucial to building and maintaining its momentum as the largest private operator in Oklahoma. He said the acquisition of Blue Mountain Midstream in 2020 helped Citizen Energy more than double its production. of 4,455,846 barrel of oil equivalent Pro forma for the acquisition announced Oct. 11, Citizen will have net daily production of about 74,000 boe/d, interests in over 1,700 wells and more than 230,000 net acres across the Midcontinent region, according to the company release. Citizen expects the acquisition to be accretive to shareholder returns and crucial to building and maintaining its momentum as the largest private operator in Oklahoma. You also have the option to opt-out of these cookies. According to a company release on Oct. 11, the acquired acreage locatedprimarily in Oklahomas Blaine, Canadian and Kingfisher counties lies largely within Citizens existing footprint. Citizen Energy III is a Tulsa, Okla.-based E&P company backed by Warburg Pincus that focuses on the development of "horizontal play concepts" in the Anadarko Basin, according to the company website. 1 spot among 20 top-performing banks with $2 billion to $10 billion in [], Governors of Oklahoma, Arkansas and Iowa were tapped recently to nominate 10 education providers in their resp[], The 6,000 members of the International Association of Machinists and Aerospace Workers Local 839 at Spirit Aer[], Rose State College is partnering with Mid-Del Public Schools to expand concurrent enrollment opportunities for[], The Oklahoma Bar Association has announced that a deadline to submit nominations for OBA awards has been exten[], Oklahoma Human Services is accepting online applications for the Low Income Home Energy Assistance Program Sum[]. 2023 Citizens Energy Group. The contiguous nature of the acquisition provides an ideal opportunity for infrastructure connectivity and development continuity, the company said in a release. Former Ohio House Speaker Larry Householder was sentenced Thursday to 20 years in prison for his rol[], A year after its sweeping gun rights ruling, the Supreme Court agreed Friday to decide whether judge[], A sharply divided Supreme Court on Friday effectively killed President Joe Bidens $400 billion pl[], A sheriff in southeast Oklahoma who was among several county officials caught on tape discussing kil[], The U.S. Department of Justice has announced it will funnel more resources toward addressing the ala[], Gateway First Bank has claimed the No. The privately funded company was founded in November 2017 and initially pursued emerging extensions of the STACK and MERGE plays. Many rely on decentat leastnatural gas and NGL prices in addition to a decent oil price. At Citizens Energy Group, we are committed to providing an excellent customer service experience, including options and tools to help you better manage your utility costs. This category only includes cookies that ensures basic functionalities and security features of the website. We've got plenty of commodity exposure in the ground and, as a private company that's yielding distributions and managing a debt portfolio," he said, "that process has worked really well for us.. 74103-3729 Citizen Energy Iii, Llc Activity Summary Powered by: MineralAnswers.com Citizen Energy Iii, Llc Production Chart Join MineralAnswers.com for Production Access Subscribe now to gain immediate access Energy secretary says carbon capture industry could grow in Oklahoma. The acquisition includes net production of 8,000 boe/d (58% gas, 25% NGL) from 97 operated wells and 400 nonoperated wells. The Purchase and Sale Agreement provides that Citizen will acquire ~8,000 BOEPD of production (58% gas and 25% NGLs), 97 operated wells, 400 non-op wells and 28,000 net acres (94% HBP) which lies largely within Citizens existing footprint. coming Information on assets, buyers and sellers, deal values, and more. 2023-06-27 - Cheniere Energy Inc. signed a long-term sale and purchase agreement with a subsidiary of ENN Natural Gas Co. Ltd., which will buy 1.8 mtpa of LNG over 20 years.
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