WW Energy to Acquire Producing Wells in Texas

WW Energy, a holding company that was created to acquire oil and gas service companies as well as oil and gasrelated assets, has signed a letter of intent for the producing wells in Terry County, Texas, US.

WW Energy has the opportunity to purchase a working interest in the field mentioned above. This will give the company a cash flow of approximately $500,000 per month. The total field is producing approximately 2,150 barrels of oil and 3,985 million cubic feet per day.

More than 50 wells have been drilled since late 1999 with another two dozen wells identified to drill so far, some being development wells, and some wildcat.

The portfolio is ideally suited for a company seeking new exploration and development opportunities while enjoying strong cash flows being generated from executed projects to date.