Standard Oil to Acquire Ky. Properties

Standard Oil announced the execution of binding letter of intent to purchase the War Creek Project in War Creek and Mill Creek Districts, Breathitt County, Kentucky. Recorded from War Creek Energy, LLC, this leasehold includes 400 acres plus numerous production wells (immediate revenues) with some of the wells being fully equipped with tank batteries. Surrounding acreage will be available once Standard takes final ownership of these leases.

Ronald Brooks, Chairman, said, "This acquisition will be Standard's entry into Kentucky and only the beginning of our Appalachian accumulation of oil and gas properties. The numerous presently producing wells also mark the commencement of our revenue model."

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Field Project Assistant
Expertise: Project Management
Location: Midland, TX
 
United States Houston: HR Operations Partner
Expertise: Business Development|HR - General
Location: Houston, TX
 
United States Williston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Williston, ND
 
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours