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Spivey-Grabs-Basil Field Asset Acquisition - Herman Loeb
  • About Us
    • Management Team
    • Company History
    • Company News
  • Areas of Interest
  • Owner Relations
  • Want to sell/lease your interest
  • Employment Opportunities
  • Contact Information
  • Resources
    • Public Information
    • Company Tools

Spivey-Grabs-Basil Field Asset Acquisition

July 15, 2019

Herman L. Loeb LLC is pleased to announce it has completed the purchase of 43 well-maintained leases containing 79 active producers (representing ≈7% of the field’s well count) with operations located across the 174 square mile Spivey-Grabs-Basil field in south central Kansas.  The acquisition represents approximately 375 boepd (≈14% of the current field production) derived from mature, low decline rate producing assets mostly drilled in the late 1980’s through early 2000’s still under primary recovery operations.  The large, three county oil and gas field has been expanded and redeveloped multiple times since its initial discovery in 1949, producing over 72 million barrels of oil and 844 billion cubic feet of gas in its life.  The company officially took over operations on July 1, 2019.

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is a family owned, privately held oil and gas exploration and production company that has been in business for over 70 years.

Head Office & Illinois Basin Field Office

  • Address
    P.O. Box 838
    Lawrenceville, IL 62439
  • Phone
    618-943-2227
  • Fax
    618-943-2220

Exploration & Production Operations Office

  • Address
    24047 Lockport St., Suite 203
    Plainfield, IL 60544
  • Phone
    815-556-0756

Mid-Continent field office

  • Address
    5518 S. Oil Center Rd.
    Great Bend, KS 67530
  • Phone
    620-792-0527
  • Fax
    620-792-0537
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