One-Page Deal Sheet
New Western Eyes MissLime, Chattanooga Shale Assets
New Western Energy Corporation Not Disclosed
Announced Date
April 22,2015
Close Date
May 30,2015
Transaction Type
Property
Transaction Details: Subscribe to see
New Western Energy Corp. has signed an LOI to acquire one hundred percent (100%) interest in Osage County Oil & Gas Project. The Project consists of approximately 2,650 acres with fourteen (14) producing wells and eight (8) salt water disposal wells. Six (6) of the producing wells are horizontal and eight (8) wells are vertical. These wells produce from the Mississippi lime zone, Chattanooga shale, Layton sand, and Bartlesville sand formations.
Based on recent data, production from the Project was approximately 82 bbl per day and 200 mcf per day. New Western strongly believes that it can…
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