Repsol YPF forms a joint venture with SandRidge in Mississippi Lime play for US$1 billion
Repsol YPF has entered into a joint venture with SandRidge Energy, for the development of acreage in the emerging Mississippi Lime play in Oklahoma and Kansas. The nominal consideration is US$1.0 billion, making this the largest transaction in the play to date. The Mississippi Lime is a conventional, carbonate reservoir that is now being targeted with unconventional drilling techniques - horizontal wells and multi-stage hydraulic fracturing. The play benefits from being a shallow ...