One-Page Deal Sheet
Mexco Energy Corp. Purchases Royalty Interest in Barnett Shale
Mexco Energy Corp Not Disclosed
Announced Date
April 22,2008
Close Date
April 22,2008
Transaction Type
Asset
Transaction Details: Subscribe to see
Mexco Energy Corporation today announced further developments on the
$1,850,000 purchase of a 21.45% royalty interest in a 122 acre tract in
Tarrant County, Texas.
This property, operated by Chesapeake Operating, Inc., at the time of
purchase in December of 2007 contained one (1) producing well in the Newark
East (Barnett Shale) Field. This well which was initially tested at a rate
of 2,267,000 cubic feet on December 1, 2006 was producing at an average
rate of 862,000 cubic feet of natural gas per day during the month of
November 2007. Subsequently, two (2) additional wells have been completed
and wer…