Aztec Oil & Gas, Inc. reported that, on June 5, 2012, it closed the Aztec XII-B Oil & Gas limited partnership. The Aztec XII-B Oil & Gas LP closed with approximately $3 million of funding and is focused primarily on drilling and reworking shallow oil wells in Texas.

Aztec's wholly-owned subsidiary, Aztec Energy, LLC, took a thirty percent (30%) ownership interest in the Partnership, and will act as the Managing General Partner.

Aztec Drilling & Operating, LLC, another wholly-owned Aztec subsidiary, will serve as the Partnership's drilling contractor and well operator.

Tags: Aztec Oil & Gas