Scout offloads producing Anadarko Basin assets worth over $1bn

Scout Energy Partners announced on May 1 that it had sold off over $1bn in producing oil and gas assets located in the Western Anadarko Basin. Scout initially said the assets were being sold to an undisclosed buyer, but Jonah Energy subsequently announced on May 5 that it was the buyer, as part of existing partnerships with Eiger Operating and Burk Royalty.

The assets being sold form part of a conventional business that includes operated upstream and midstream ownership, according to Scout’s announcement. The company said this “diversified” portfolio had been integrated across multiple acquisitions, reflecting its “growth trajectory and robust operational capabilities”.

The assets produce roughly 250mn cubic feet (7mn cubic metres) of gas equivalent across natural gas, natural gas liquids (NGLs) and helium operations spanning around 3mn acres (12,141 square km). The assets are located within one of the largest gas fields in North America, Scout added. On the midstream side, the company said the position being sold included three gas-processing plants, over 7,200 miles (11,587 km) of gathering pipelines and around 400,000 horsepower of compression capacity.

Jonah’s partnership with Eiger is known as the EJ Hugoton Partnership, which was formed in December 2025 following the acquisition of Merit Energy’s Hugoton Field assets. This partnership will incorporate the Kansas and northern Oklahoma Panhandle portion of the Scout acquisition, Jonah said. Following the closing of the transaction, the partnership is now positioned as the largest oil and gas producer in Kansas, it added.

Eiger will operate the jointly managed assets being acquired, which include current production of 225 mmcf (6.4 mcm) per day of gas equivalent on a net basis consisting of gas, NGLs, oil and helium from over 9,000 wells. These wells are located on acreage spanning roughly 3.6mn net acres (14,569 square km) and are supported by 13,700 miles (22,048 km) of gathering infrastructure, according to Jonah’s announcement.

Meanwhile, Jonah’s partnership with Burk is known as the JBHP Partnership, which was formed in July 2025 following the acquisition of High Plains Natural Resources in the Northwestern Shelf of the Permian Basin. This partnership will incorporate the southern Oklahoma Panhandle and Texas Panhandle portion of the Scout acquisition, Jonah said.

The company added that the addition of these assets “meaningfully” increases the scale of the JBHP Partnership. These jointly managed assets will be operated by Burk. They are currently producing 18,000 barrels of oil equivalent per day (boepd), yielding a mix of 22% oil and 61% total liquids.

The transaction was funded through a combination of cash on hand and asset-backed securitisations (ABS).

“This transaction further expands our position in key operating areas and builds upon the momentum established by our recent Merit acquisition,” stated Jonah’s CEO, Brian Reger.

Scout, for its part, described the sale as the latest step in its “ongoing journey to optimise its portfolio and execute on its strategy of acquiring, operating and improving upstream energy assets and midstream infrastructure”.