Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/stratex-oil-gas-acquires-a-new-lease-in-texas.shtmlStratex Oil & Gas acquires a new lease in TexasStratex Oil & Gas Holdings, Inc. has acquired a new lease
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Edit page New page Hide edit links Stratex Oil & Gas Holdings, Inc. has acquired a new lease in Runnels County, Texas containing 386 gross acres. Since signing the lease, Stratex has reopened a shut-in well that had initial production volume of between 60-90 barrels per day and has settled in at 15 barrels per day. This is the Company's first acquisition in Texas. Stephen Funk, CEO of Stratex, added: "This acquisition represents another step in our evolution as a growing E&P company. We will continue to acquire new acreage and production through various means to continue executing on our business plan." |