Aztec Oil & Gas Inc. - 2011-02-15
Description
Closed its final 2010 partnership, Aztec XI-B Oil & Gas LP, with approximately $10 million of funding. The partnership is focused on drilling shallow-oil wells in Texas.
Aztec's wholly owned subsidiary Aztec Energy LLC will gain a 30% ownership interest in the partnership by contribution, and will act as the managing general partner. Aztec Drilling & Operating LLC, another wholly owned Aztec subsidiary, will be the partnership's drilling contractor and operator.