Fox expects to close its first natural gas acquisition that will be focused on acquiring, developing currently producing Natural gas mineral rights located on the Fayetteville Shale in Arkansas.
The Fayetteville Shale, located in North-central Arkansas, is currently the second most productive shale play in the U.S. and one of the nation's 10 largest natural gas fields of any type. Fox intends a comprehensive review of current producing wells, and is looking to acquire distressed mineral rights which where owners have debt or leverage issues.
In addition to its plastics recycling operations Fox Petroleum is actively seeking partnerships and joint ventures across a variety of oil and natural gas projects located within North America including the Fayetteville shale.
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