Viper Capital Partners LLC, a Houston-based investment firm, has acquired rights across two conventional oilfields in western West Virginia, where an affiliate plans to develop Berea Sandstone wells with shallow horizontal drilling technology.
Viper said it’s acquired more than 12,000 acres in the Rock Creek and Tanner oilfields, which are in Roane and Gilmer counties, WV, respectively, as well as 371 existing oil wells. Affiliate Cunningham Energy LLC would develop the plays.
“The Rock Creek and Tanner fields have proven time and time again that conventional oil is an ongoing viable asset,” said Cunningham President Ryan Cunningham. “We intend to apply our newly adopted model of producing conventional reservoirs through the unconventional method of shallow horizontal drilling and completion.”