TERRITORY RESOURCES
Oklahoma-Based Oil & Gas Exploration and Production Company
TERRITORY RESOURCES
Oklahoma-Based Oil & Gas Exploration and Production Company
About Us
Overview
Territory Resources LLC was established in 2007 by the former management team of Iron Sights Operating, Inc., which was sold to Chesapeake Energy later that year. Territory immediately began acquiring mature oil fields in Oklahoma for further development.
In April 2018, Territory acquired Chesapeake’s remaining assets in southwestern Oklahoma. This acquisition included more than 1,000 oil and gas wells—approximately 400 of which are operated by Territory—and 67,000 net acres held by production.
Territory plans to continue developing this asset base through the exploitation of existing wells, horizontal and vertical development drilling, and future exploration efforts supported by the seismic data acquired with the assets.
Most recently, Territory acquired approximately 42,000 net acres in the Cherokee Shale in Custer County, further expanding its Oklahoma footprint.
Operations
Custer Cherokee: ~42,000 acres for sale in the highest overpressure with the thickest Penn section in Custer County, OK, with additional upside in deeper horizons.
See Marketed Assets for more details.
Legacy Operations: Territory Resources LLC operates over 500 wells in Oklahoma. Our wells are primarily located in north-central and southwestern Oklahoma. Although our primary operating area and focus is Oklahoma, our team has exploration and operating experience in the Mid-Continent, Permian Basin, East Texas, South Texas, Illinois Basin, Rockies, and Appalachians.