Moses Tucker Partners Engages in Drake Farms Development; EnergyWorks Acquires Gas Wells
Moses Tucker Partners will lease commercial space at the $1 billion Drake Farms project in Fayetteville, set to complete its first phase by late 2026. EnergyWorks has acquired 731 natural gas wells for $65 million, positioning itself as Arkansas's largest oil and gas producer.
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Moses Tucker Partners has been appointed as the commercial leasing partner for the Drake Farms development, a 165-acre mixed-use project in Fayetteville, valued at $1 billion. The project, developed by Specialized Real Estate Group, aims to include healthcare, housing, and businesses, creating a walkable community, with the first phase completion anticipated by late 2026.
EnergyWorks has finalized the acquisition of 731 natural gas wells from BRG Energy for $65 million, enhancing its position as the largest oil and gas producer based in Arkansas. The majority of these wells are located in the Arkoma Basin, enhancing EnergyWorks' production strategy in a region identified for its significant geological resources. Potential risks include market fluctuations in energy prices impacting profitability.
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