GE, Casillas in Cimarex Kansas buy

US independent Casillas Petroleum appears to have been behind the recent $138 million purchase from compatriot Cimarex Energy of a raft of assets in Kansas.

Tulsa, Oklahoma-based Casillas said on Tuesday it had teamed up with GE Energy Financial Services to take acreage containing more than 500 producing wells in Kansas from Cimarex.

The bought properties are spread over 14 counties in the US state.

Casillas is to operate the assets, with GE acting as the financial backer, providing both acquisition and development capital.

Cimarex said in late June that it had agreed to shed Kansas assets with 50 billion cubic feet equivalent of proven reserves and 15 million cfe per day of production for $138 million.

It did not, however, disclose the buyer or buyers, though the deal was set to close by 31 July.

A joint statement from GE and Casillas on Tuesday did not name the purchase price or give any additional information on the acquired assets.

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