One-Page Deal Sheet
New Western Adds to Oklahoma Acreage with Producing Assets
New Western Energy Corporation Not Disclosed
Announced Date
December 04,2013
Effective Date
December 02,2013
Close Date
December 04,2013
Transaction Type
Property
TargetZones:
{Bartlesville,Burges
Location
Region
Mid-Continent
Country
United States
State
Oklahoma
Production Production
Transaction Details: Subscribe to see
New Western Energy Corporation has completed the acquisition of an Oil & Gas lease consisting of 80 acres adjacent to its Winchester & Thomas leases in Rogers County, Oklahoma.
The lease known as Winchester II has 5 existing oil and gas wells and one water injection well that currently produces an average of 4 (four) barrels of oil per day (bopd). Subsequent to this strategic acquisition, Company's combined leasehold area in Oklahoma is now approximately 1,830 acres with 130 wells and 11 disposable wells.
The Winchester II lease has several drilling opportunities from multiple proven oil and…
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