Explortex To Acquire Working Interests In 33 Barnett Shale Wells

Transaction Type
Announce Date
Post Date
Estimated Price
1MM
Description

To acquire WI in 33 TX Barnett shale wells in Denton, Cooke & Wise cos.

Explortex Energy Inc., Katy, Texas, (Pink Sheets: EXPX) to acquire the working interests in 33 Barnett shale oil and gas wells from Point Capital Barnett Shale Investors, G.P., which holds interest in 14 Denton County, Texas, wells.

Point Capital Barnett Shale Investors II LP holds interest in 19 additional wells located in Denton, Cooke and Wise Counties, Texas. Consideration for the transaction is $1,318,750.00. A total of $10,550,000.00 was invested into the General Partnerships over the last six years.