RSX Energy Acquires Acreage in Boundary Lake Area of Alberta

RSX Energy has entered into a letter of intent with a private oil and gas company to acquire interests in 5,125 gross acres (3,409 net) in the Boundary Lake area of Alberta and the Rigel area of northern British Columbia for $6.5 million. Current net production of the properties consists of approximately 350 Boepd (260 Bopd of light sweet crude oil and 550 Mcfd of natural gas).

Upon completion of the proposed acquisition, RSX will have net production of between 800 and 850 Boepd. RSX's drilling plans for the fall and winter are being finalized and include 14 exploration wells (5.5 net), two development wells (1.5 net) and one workover (one net).

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours