EnergyWorks buys over 700 natural gas wells for $65 million

EnergyWorks, a Fayetteville-based oil and gas company and a segment of Rausch Companies, said Tuesday (May 12) that it has acquired 731 natural gas wells in eastern Oklahoma for $65 million. Tulsa, Okla.-based BRG Energy was the seller.

According to a news release, the transaction closed in April and established EnergyWorks as the largest Arkansas-based oil and gas operator. BRG Energy and its affiliates recently sold their properties to multiple companies, including EnergyWorks.

Among the 731 wells it acquired, 654 of them are operated by EnergyWorks. The wells are located in the Arkoma Basin in eastern Oklahoma. The company’s existing portfolio comprises operated, non-operated, and mineral interests across Arkansas, Oklahoma, Texas, New Mexico and North Dakota.

“Today marks a major step for EnergyWorks,” said Will Cains, president of operations at EnergyWorks. “With this acquisition, we will become the largest oil and gas producer with headquarters in the state of Arkansas. The acquired assets consist of long-lived, low-decline natural gas weighted production that perfectly complements our existing portfolio of oil-weighted production centered in the Permian Basin of New Mexico. The Arkoma Basin is a world-class petroleum province with exciting geology that is integral for the United States to meet its ever-growing energy needs. EnergyWorks will continue to execute its disciplined growth strategy by pursuing opportunities through both acquisition and the drill bit.”

Founded in 2008, EnergyWorks is the energy venture within Rausch Companies, a family-owned, Fayetteville-based holding company founded by John Rausch. The holding company operates a portfolio of ventures across land development, single- and multi-family rental communities, site work and energy.

In its early years, EnergyWorks was focused on building a multistate portfolio of non-operated leasehold interests. In 2023, EnergyWorks began purchasing mineral and royalty assets in Oklahoma and Texas. In 2025, the company purchased its first operated assets in New Mexico by acquiring 35 oil wells from Texland Petroleum. EnergyWorks’ principals include Rausch, Cains, Josh Carson and Eugene Post. The company has 36 employees.

Rausch was formerly chairman and CEO of Rausch Coleman Homes for almost two decades. Miami-based homebuilder Lennar Corp. acquired Rausch Coleman Homes in a more than $1 billion transaction in early 2025.