Terax Energy Acquires 13,000 Additional Acres in Barnett Shale


Erath, Commanche, Hamilton Counties Tx
(Click to Enlarge)
Terax Energy has received leases for an additional 13,000 gross mineral acres of prospective oil and gas development property in Erath and Comanche counties, Texas.

The additional 13,000 gross mineral acres now brings Terax's total lease position to approximately 31,000 gross mineral acres in Erath, Comanche and Hamilton counties.

"These additional acres add significantly to Terax's asset base," said Bill Rhea, chief executive officer of Terax. "This acquisition should further position the company to enhance shareholder value in the periods ahead as we commence development of Terax drilling operations in the Barnett Shale."

The acquisition builds on the company's strategy to secure acreage, allowing Terax to drill in the Barnett Shale formation of the Fort Worth Basin.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Automation Systems Analyst II
Expertise: Business Development
Location: Houston, TX
 
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
 
Rockies Regional Instrumentation & Electrical Operations Manager
Expertise: Business Development|Electrician|Operations Management
Location: Durango, CO
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours