Treaty Adds Acreage in Tx.

Treaty Energy has acquired eight oil & gas leases in Texas, adding another 1347 acres to Texas lease holdings.

Stephen L. York, Treaty Energy's President and Chief Operating Officer, stated, "With this new addition, Treaty now has a total of 1787 acres under lease in Texas that are spread over 13 leases. We will provide the terms of this latest acquisition via a Form 8-K filing this week."

Mr. York adds, "Treaty will assume operational control of these leases through the Company owned operating subsidiary, C & C Petroleum Management, LLC, in early June after all appropriate documents are filed with the RRC of the State of Texas."

This new acquisition generally consists of the following:

  • Eight separate leases totaling 1347 acres.
  • Thirteen fully equipped and producing wells.
  • Eighteen shut-in wells to be put back on line.
  • Twelve injection wells.
  • Four water supply wells.
  • Eight individual tank batteries consisting of seventeen storage tanks, eight oil/water separators (two less than six months old) six water pumping stations, miscellaneous tubing, pipe, and casings.
  • Current production of oil about 20 BOPD.