Shell Oil sells Kansas assets to firm started by former SandRidge leader

02/20/2014 9:21 AM

02/20/2014 9:22 AM

Tapstone Energy, a new firm formed last year by former SandRidge Energy founder Tom Ward, has bought all of Shell Oil’s assets in Kansas, according to information from Shell Oil.

The assets include 45 producing wells and 600,000 acres of leases in Barber, Harper, Kingman, Pratt, McPherson, Sedgwick, Sumner, Rice and Reno counties.

The transaction is expected to be completed in March.

The terms of the deal were not disclosed.

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