Washington Irving—you scooped me on that one….I too believe Flywheel Energy (another private company) will be the operators for Stoneridge Energy…even though Flywheel is based in Oklahoma. After Stoneridge bought the ConocoPhillips Oklahoma assets for 1.3 billion they got Flywheel to operate it for them, and Flywheel also just took over some major tracts in Colorado recently. Looks like Flywheel is all about nat gas… and Stoneridge Asset Management who owns Stoneridge Energy is heavily into Bitcoin and based in New York. If not Flywheel operating the EF assets Stoneridge will have another company do it….
I have quite a few tracts operated or leased with Baytex so I am concerned about this transaction…they need to keep the PennV/Ranger/Baytex team so they can continue to have good results…although they are now down to 1 rig.