Vega Upstream JV Closes $15M Toklan Oil and Gas Acquisition
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Dallas – September 18, 2026 -- Vega Upstream JV, LLC has completed its acquisition of Toklan Oil and Gas Corporation and affiliated entities for a net purchase price of $15 million, adding 28 producing wells across roughly 7,000 net acres in the Western Anadarko basin.
Deal adds 250-well non-operated portfolio and midstream assets
Beyond the operated acreage, Toklan brings a non-operated interest portfolio spanning more than 250 wells, with combined operated and non-operated net production of approximately 500 BOE/d. The transaction also transferred West Thomas Field Services, which owns and operates the Deer Greek Gathering System and associated surface acreage, giving Vega JV midstream infrastructure alongside its upstream position.