Interests in 20 natural gas wells in the Deep Anadarko Basin in
western Oklahoma have been sold to Apache Corp. of Denver for $6
The purchase brings Apache's holdings in Oklahoma to interests
in 54 wells in Oklahoma, company spokeswoman Karen Mueller said.
She said Apache operates 10 percent of the rig count in Oklahoma.
Dutcher & Co. Inc., an Oklahoma City consulting and property
management firm, represented the seller, Heafitz Energy Management
of New York. Dutcher continues to manage interests in more than 100
oil and gas properties for Heafitz, an energy investment company.
Prior to purchasing interests in the 20 wells in the Southeast
Berlin Field in Beckham County and Northeast Carpenter Field in
Custer County, Apache had working interests in 34 wells in the
Berlin field, Mueller said. She said Apache's latest production
figures for Oklahoma totals 8,800 barrels of oil per day and 205
million cubic feet of natural gas per day.
Of the 20 wells involved in the purchase, Apache had previously
held working interests in 16 and operated 14, Mueller said.
In the Mid-Continent region, which encompasses Oklahoma, Mueller
said Apache has 1,407 gross wells, or 312 net wells, and operates
236 net wells. . .
- Computer software to help the U.S. petroleum industry to
make strategic pricing and managerial decisions has been introduced
to the market by MPSI Inc. of Tulsa.
The two products, "Price-Strat" and "Resource Opt," were
developed in Europe using the latest artificial intelligence
technology, MPSI officials said.
MPSI, an international and software and decision support company
based in Tulsa, operates in more than 49 foreign countries. The
Oklahoma company announced the U.S. marketing push on June 26.
"As a company, we are continually developing new methods for
serving the needs of our clients," said Elliot Olson, vice president
of business development for MPSI.
"Along with this, when we find a useful product created
elsewhere that can directly benefit our clients, we will do
everything possible to make these advantages available."
Price-Strat is a knowledge-based system that recommends
tactical, or short-term, pricing strategies to maximize
profitability at retail locations and at the same time, meet other
strategic objectives, MPSI said.
MPSI explained that the knowledge base is developed from the
organization's senior managers' expertise about the market and
competitors, historical data and market research data. …