Explortex Energy, Inc. entered into an agreement on February 29, 2012 to acquire the working interests in thirty three (33) Barnett Shale oil and gas wells from Point Capital Barnett Shale Investors, G.P. which holds interest in fourteen Denton County, TX, wells.

Point Capital Barnett Shale Investors II, LP holds interest in nineteen additional wells located in Denton, Cooke and Wise Counties, TX.

Consideration for the transaction is $1,318,750.00.

A total of $10,550,000.00 was invested into the General Partnerships over the last six years.

Tags: Explortex Energy, Inc