WW Energy Acquires Rights to 'Horse Property'
WW Energy Inc. reported that its subsidiary company, WW Oil & Gas Inc., acquired the mineral lease exploitation rights to four sections (2,560 acres) of highly prospective oil and gas drilling targets in Southern New Mexico in the most recent state land lease sale.
Named the "Horse Property," geophysical factors indicate a high probability of hydrocarbons. Established wells to the south of this area have produced at 60,000 barrels of oil per day. Further purchases of the rights to lease land in this area are anticipated during the summer.
WW Oil and Gas continues to seek current producing properties with significant reserves for acquisition. Two such properties with significant reserves and current production are being reviewed as to valuation.
WW Energy Inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets through two wholly owned subsidiaries.
WW Oil & Gas Inc., with offices in New Mexico and Utah, was established in 2005 to acquire leases and oil and gas-related assets. Such acquisitions are for the purposes of development, exploration, and exploitation.
WW Trucking Inc., formed in 1999, is an oil and gas services company for the oil field services industry in the Four Corners area of Utah, Colorado, New Mexico, and Arizona. Their existing business operations are in transporting fresh production water for oil drilling/exploration and waste water for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.
- WW Acquires 50% Ownership of Wolf Lease Properties (Mar 27)
- WW Energy Signs LOI Worth $500,000/Month (Mar 13)
- WW Energy to Open Satellite Office (Mar 12)