• Home
  • About Us
    • Audio Edition
    • Previous Issues
    • Submissions
    • Contact Us
  • Subscribe
  • Advertise
    • Audience
    • Editorial Calendar
    • Sizes & Specs
  • Jobs
    • View Open Positions
    • List Your Job

Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

  • News
  • PBPA
    • Legislative Matters
  • Business & Analysis
  • Service Articles
    • Automation, Controls and Measurement
    • Environmental, Safety and Training
    • Fracking, Frac Sand and Water
    • Infrastructure
    • Pipe and Pipe Service
    • Technology
    • Wireline and Testing
  • Legal Articles
  • Drilling Deeper
  • Permit Map

Alliance Resources acquires oil, gas interests in Midland Basin

July 5, 2019 by PBOG

Tulsa-based Alliance Resources Partners said June 24 it has an agreement with Wing Resources to acquire oil and gas mineral interests in Midland Basin for $145 million.  The transaction involves about 9,000 net royalty acres with exposure to more than 400,000 gross acres.  There are 783 gross horizontal wells producing on the acreage delivering about 406 boed (70 percent oil, 14 percent NGLs).  The acreage also has an additional 441 DUC wells and 279 permits.  Alliance said after the acquisition it will have 51,000 net royalty acres (47 percent in Permian Basin).

Joseph W. Craft III, chairman, president and CEO, said, “The Wing acquisition enhances our already significant position in the prolific, liquids-rich Permian Basin.”

Filed Under: News Reviews, PBOG Newsletter Tagged With: news reviews

Subscribe to PBOG

Subscribe: Newsletter | Magazine

May 2025

May 2025

Read the most recent issue of PBOG on your computer, iPad, Kindle, phone or other electronic reader.

If you'd like to view our previous issues, click here.

PBOG Audio

Connect with us online.

Facebook spacer Twitter spacer LinkedIn
Privacy Policy

Cookie Policy

Permian Basin Oil and Gas Magazine

3457 Curry Lane
Abilene, TX 79606
325.673.4822
pbog@zacpubs.com

Search PBOG.com

© 2025 · Zachry Publications