Scandoil  

New Western to acquire majority control of Island Energy Partners, LLC


Published Sep 29, 2014
[an error occurred while processing this directive]

Edit page New page Hide edit links

New Western Energy Corp.

New Western Energy Corp. has signed an LOI to acquire majority control of Island Energy Partners, LLC (IEP). IEP owns oil and gas wells, leases, and completion tools and equipment. The properties, wells and completion equipment are located in the Rio Vista Gas Field in California. There are 15 producing wells of interest on leases comprising 1300 acres. New Western will be conducting due diligence which it expects to complete within the next 45 to 60 days.

The Rio Vista Gas Field is a large natural gas field in the Sacramento-San Joaquin River Delta in northern California, adjacent to Rio Vista, California. Discovered in 1936, and in continuous operation since, it has produced over 3.6 trillion cubic feet (100 km3) of gas in its lifetime, and retains an estimated reserve of approximately 7 trillion cubic feet by the USGS.

Tags: New Western Energy Corp.




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml