Panhandle acquires wells, mineral rig...

Panhandle acquires wells, mineral rights in major plays

Panhandle Oil and Gas Inc. is spending $9 million to acquire mineral rights and producing oil and gas wells in North Dakota and Oklahoma, it has announced. The company also reports it spent $940,000 in June to acquire 54 net mineral acres and producing oil and gas wells in Oklahoma's SCOOP play in Grady and Stephens counties, with undeveloped locations identified in both the Woodford and Springer shale plays.

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