Texhoma Energy Inc., Houston, (Pink Sheets: TXHE) has acquired from Kilrush Petroleum Inc. certain oil and gas producing properties in Louisiana for a total of $5.23 million. Texhoman acquired a 7.42% working interest (5.38% net revenue interest) in the Barnes Creek gas field and an 11.76% working interest (8.47% net revenue interest) in the Edgerly oil field. The combined current gross production from both fields is approximately 3.6 million cubic feet of gas and 1,000 barrels of oil and condensate per day. The Barnes Creek Field, in Allen Parish, La., has one producing gas well and covers 320 acres while the Edgerly Field, in Calcasieu Parish, La., comprises approximately 800 acres with five producing completions from four wells.
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