Baron Energy has acquired interest in an oil producing property located in Archer County, Texas.
Ronnie L. Steinocher, President and CEO, said, "We recently acquired a 20% working interest in an oil property in Archer County, Texas producing from the Gunsight Formation. We have also retained an option to purchase an additional 20% working interest in this property within the next six months. There appears to be production upside via a three-well workover program and production enhancement procedures within this five-well property. Baron is the operator of the property."
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