SUBSCRIBE
PROFILE

Citizen Energy launches $20mn drilling fund targeting the Anadarko Basin

Citizen Energy Ventures enters the private placement market with a $20mn fund to develop eight wells in the Cherokee Formation of Oklahoma’s historic Anadarko Basin.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Citizen Energy Ventures has announced the launch of a $20mn fund dedicated to an oil and gas drilling programme in the Anadarko Basin, a historically active region of the US hydrocarbon industry. Named Citizen Energy 2025 Drilling Fund, LP, this new investment vehicle marks the company’s first move into the private placement market targeting non-institutional investors.

Based in Tulsa, Citizen Energy Ventures specialises in acquiring and operating oil and gas assets. Founder and President James Woods stated that the fund aims to “broaden access to drilling opportunities by leveraging a decade of operational expertise in the Cherokee Formation”. The fund will include interests in eight wells located in this formation, known for its conventional reservoirs and source rocks.

The Anadarko Basin targeted for geological stability

The Anadarko Basin spans nearly 50,000 square miles across four US states and reaches depths of over seven miles. It is one of the largest sedimentary basins in the United States, recognised for its proven reserves and existing infrastructure. The Cherokee Formation was selected due to the stability of its geology and the maturity of its deposits.

Even before the fund’s official launch, Citizen Energy Ventures raised more than $50mn from institutional investors and legacy partners to support its drilling schedule. This additional capital will enable asset diversification, cost optimisation and a sustained execution timeline.

A structured model for tax advantages

The fund’s legal structure allows investors to participate as general partners, granting access to direct tax deductions tied to oil exploration expenses in the US. This setup is designed to attract finance professionals seeking direct upstream oil exposure in a tax-advantaged framework.

The drilling programme will focus exclusively on mapped zones, aiming for long-term development rather than pure exploration. The launch reflects a growing trend among traditional operators to mobilise private capital for targeted projects in mature areas while broadening their investor base.

  • Popular on energynews.pro
Small modular reactor market to reach 912.5 MW by 2030
Solarig invests $415mn in over 20 biomethane plants in Poland
Brussels eases methane stance to secure gas imports
Oil stabilises below $63 as markets watch Ukraine talks
Caracas ends gas trade with Trinidad and Tobago after tanker seizure
PDVSA denounces cyberattack targeting its administrative systems in Venezuela
Venezuelan state oil group PDVSA claims it was targeted by a cyberattack attributed to foreign interests, with no impact on main operations, amid rising tensions with the United States.
BUTEC secures XOF26bn financing for two thermal power plants in Burkina Faso
BUTEC has finalised the financing of a 50 MW emergency power project in Burkina Faso, structured under a BOOT contract and backed by Banque Centrale Populaire Group.
BW Energy signs 10-year lease for Maromba B platform with MSFL
BW Energy has signed a long-term lease agreement with Minsheng Financial Leasing for its Maromba B platform, covering $274mn of the project’s CAPEX, with no payments due before first oil.
Shell to resume exploration on Namibia’s PEL 39 with five new wells planned for 2026
Shell will restart offshore exploration on Namibia’s PEL 39 block in April 2026 with a five-well drilling programme targeting previously discovered zones, despite a recent $400mn impairment.
Iran seizes tanker carrying 6 mn litres of diesel in the Gulf of Oman
Iranian authorities intercepted a vessel suspected of fuel smuggling off the coast of the Gulf of Oman, with 18 South Asian crew members on board, according to official sources.
Harbour Energy to acquire Waldorf’s UK assets for $170mn
Harbour Energy will acquire Waldorf Energy Partners’ North Sea assets for $170mn, increasing its stakes in the Catcher and Kraken fields, while Capricorn Energy settles part of its claims.
BP and Chevron invest over $110mn in targeted Gulf of Mexico blocks
The Big Beautiful Gulf 1 sale attracted more than $300mn in investments, with a focused strategy led by BP, Chevron and Woodside on high-yield blocks.
Washington seizes oil tanker linked to Maduro and tightens sanctions on Caracas
The United States intercepted an oil tanker loaded with Venezuelan crude and imposed new sanctions on maritime entities, increasing pressure on Nicolas Maduro’s regime and its commercial networks in the Caribbean.
OPEC+ forecasts tight balance between oil supply and demand in 2026
OPEC expects crude demand from its members to reach 43 million barrels per day in 2026, nearly matching current OPEC+ output, contrasting with oversupply forecasts from other institutions.
US seizes oil tanker off Venezuela as Caracas denounces an act of aggression
The United States seized a vessel suspected of transporting sanctioned oil from Iran and Venezuela, prompting a strong reaction from Nicolás Maduro's government.
IEA cuts 2026 oil surplus forecast to 3.84 million barrels per day
The International Energy Agency lowers its global oil supply forecast for 2026 while slightly raising demand growth expectations amid improved macroeconomic conditions.
South Sudan secures Heglig border oilfield after tripartite military agreement
South Sudanese authorities have been granted responsibility for securing the strategic Heglig oilfield following an agreement with both warring parties in Sudan.
TotalEnergies takes control of PEL83 license in Namibia with Mopane discovery
TotalEnergies acquires a 40% operated interest in the offshore PEL83 license, marking a strategic move in Namibia with the Mopane oil field, while Galp secures stakes in two other promising blocks.
BOURBON secures 5-year contract with ExxonMobil for Guyana operations
BOURBON will provide maritime services to ExxonMobil Guyana for five years starting in 2026, marking a key step in the logistical development of the Guyanese offshore basin.
Viridien launches seismic reimaging programme over block 22 in Angola
Viridien has launched a 4,300 sq km seismic reimaging programme over Angola’s offshore block 22 to support the country’s upcoming licensing round in the Kwanza Basin.
Shell secures Kremlin approval to exit Rosneft partnership in CPC
Shell restructures its stake in the Caspian pipeline by exiting the joint venture with Rosneft, with Kremlin approval, to comply with sanctions while maintaining access to Kazakh crude.
Shell resumes offshore exploration in South Africa with $150mn investment
Shell acquires 60% of Block 2C in the Orange Basin, commits to drilling three wells and paying a $25mn signing bonus to PetroSA, pending regulatory approval in South Africa.
Trump maintient l’alliance avec l’OPEP malgré la pression sur Caracas
Malgré la pression exercée sur le gouvernement vénézuélien, Washington ne cherche pas à exclure Caracas de l’OPEP, misant sur une influence indirecte au sein du cartel pour défendre ses intérêts énergétiques.
Kazakhstan redirects part of Kashagan crude to China after attack
Kazakhstan redirects part of its oil production to China following the drone attack on the Caspian Pipeline Consortium terminal, without a full export halt.
Xtellus Partners proposes asset swap to compensate US investors tied to Lukoil
US investment bank Xtellus Partners has submitted a plan to the US Treasury to recover frozen Lukoil holdings for investors by selling the Russian company’s international assets.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.