Timberlake Signs MOU to Acquire Acreage in Kansas

Timberlake Energy has signed a Memorandum of Understanding to acquire a 2,600 acre oil lease field located in Kansas.

Bob Bowersock, President of Timberlake, said, "The properties currently have 54 producing wells. In addition to the 54 wells, there are 42 wells that will require refurbishing. At present the wells are producing an average of 90 bbls of oil per day."

He also commented, "Timberlake has accelerated its due diligence process with the intent of reaching a swift closing date targeted for April 30, 2010."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours