Petron Energy II, Inc. announces acquisition of new lease in Oklahoma.

Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, transporting natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary, in the United States.

Floyd Smith, President and CEO of Petron Energy II, Inc., states, "Recently we acquired the 200 acre 'Applegate' lease in Wagoner County, Oklahoma. Several possible reservoirs are present including the Pennsylvanian Dutcher, the Simpson Wilcox, Burgen, and Tyner sands."

Tags: Inc., Petron Energy II