Topaz is in advanced negotiations for a number of oil properties with development potential in multiple shallow and deeper formations in Wichita County and other areas of North Texas.
Adding oil properties in the north and west Texas regions is a key part of the Topaz strategy to develop a balanced portfolio of oil and gas properties and to take advantage of the continuing high price of oil. Over 20 years, Topaz management has drilled over 2100 oil wells in North Texas.
The first transaction is scheduled to close in October.
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