America Resources Exploration announces acquisition of interest in two wells in Texas.
M2 EQUITYBITES-August 14, 2015-America Resources Exploration announces acquisition of interest in two wells in Texas
(C)2015 M2 COMMUNICATIONS http://www.m2.com
America Resources Exploration Inc (OTC PINK: AREN) announced on Thursday that it has acquired a fractional interest in two wells located in Shelby County, Texas, for an undisclosed sum.
Energy company XTO Energy Inc, a subsidiary of Exxon Mobil, is the operator for both wells which are reportedly averaging combined daily production of 6,763 MCF of natural gas for the six months ending April 2015.
According to the company, both wells have demonstrated year-over-year production growth and are drilled in the Carthage field into the Haynesville Shale formation and are producing from a completion interval depth of 12,890 feet to 19,053 feet.
America Resources Exploration is an oil and gas exploration and production company focused on the acquisition of properties in areas with significant oil reserves and drilling potential.
((Comments on this story may be sent to email@example.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Aug 14, 2015|
|Previous Article:||Frontier Communications announces new USD1.5bn term loan agreement.|
|Next Article:||Ceragon Networks returns to profit sequentially.|