Mexco Energy Acquires 22% Royalty Interest in Texas Gas Wells
Posted on: Wednesday, 2 January 2008, 12:00 CST
Mexco Energy Corporation has acquired 118 mineral acres amounting to approximately 22% royalty interest in three gas wells located in Tarrant County of Texas, US, for $1.85 million.
The property, operated by Chesapeake Operating, contains one producing well in the Newark East of New Jersey, Barnett Shale Field of Texas, US. Two additional wells have been drilled on this acreage and are being prepared for production.
Source: Datamonitor
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