Exploration & Production
Treaty Finalizes Drilling Contracts for Tuscola, TX Project
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Treaty Energy Corporation has signed contracts to begin drilling two self-funded and already permitted wells in Tuscola, Texas.
Drilling is expected to begin as early as Saturday, September 21, 2013 but may begin as late as Wednesday, September 25, 2013.
On June 28, 2013, Treaty Energy acquired a working interest on the Stockton lease from U.S. Fuels, Inc. of Breckenridge, Texas. This working interest included a 75% net revenue interest (NRI) and a 100% working interest (W/I). The remaining 25% NRI is dedicated to existing overriding royalty interests (ORRI).
On July 17, 2013, the Company announced it had completed survey work and were solidifying plans to drill two offset wells from the Mitchell lease on the Stockton lease. Requests for drilling permits were filed approximately two…
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