WW Energy Inc., a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets, announced that the Company has gone forward with the signing of a letter of intent which would lead to the production of wells in Terry County, Texas.
This purchase of the working interest in the Terry County, TX. Wells will generate revenues of $500,000.00 per month producing 2,150 bbls. of oil and 3,985 mcfd per day. Of the approximately 75 wells identified to be drilled, six have been completed and another twenty-four wells have been identified for drilling.
The strategic ownership of critical pipeline infrastructure, proprietary seismic data and participation in key wells and leases can bring nothing but excitement to this dynamic company.
The addition of this revenue for this company will increase its position in the energy sector, enabling further exploration and development opportunities in the future.
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