Printer Friendly

Crude Energy acquires 50 percent Working Interest in 3,680 acres in Texas.

International Resource News-April 3, 2014--Crude Energy acquires 50 percent Working Interest in 3,680 acres in Texas

(C)1994-2014 ENPublishing - http://www.enpublishing.co.uk

International Resource News - 03 April 2014

Crude Energy LLC, a United States-based exploration and production company, has acquired a 50 percent Working Interest in 3,680 acres located in Sterling County, Texas.

The acreage is situated in north western Sterling County in an area with multiple pay zones

Parker Hallam, president of Crude Energy, said, 'We have been looking for Permian acreage in the Wolfcamp trend that is managed by a top-quality operator and we finally found it with this deal.' Hallam added, 'This Permian Basin and specifically this Wolfcamp play is one of the most prolific oil and gas producing areas on the planet and Crude is now centered in the heart of the play which could contain in excess of 50 billion barrels of oil.'

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:International Resource News (IRN)
Geographic Code:1U7TX
Date:Apr 3, 2014
Words:173
Previous Article:Regen Energy names new interim president and CEO.
Next Article:Mitcham Industries reports financial results for fiscal year ended January 2014.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters