Lighthouse Petroleum enters JV with Matmown Oil & Gas

Lighthouse Petroleum

Lighthouse Petroleum Inc.  a growth oriented energy company focusing on the exploration and production of oil and gas, today has entered into a joint venture agreement with Matmown Oil and Gas Inc., a wholly owned subsidiary of Matmown Inc. Matmown will be the operator in the joint venture relationship, and expects to workover several existing wells during the coming quarters, beginning as early as the next few weeks. This new joint venture will be managed under standard industry terms, and will relate to acreage currently held by Matmown Oil and Gas Inc., or acreage to be acquired in the future.

"Lighthouse is extremely pleased to have Matmown as a joint venture partner for its LHPT 2013 Exploration Program in the Burleson County, Texas area," commented Gerard Danos, President of Lighthouse Petroleum, who continued, "We anticipate a long relationship with Matmown Oil & Gas, Inc., guided by Mr. William Sawyer, President and CEO, who has over 35 years of diverse experience in the energy industry, including being the former President, CEO, and co-founder of Lucas Energy Inc., a company currently trading on the NYSE MKT."

Matmown, Inc. has subsidiaries in the United States and South America. The US-based subsidiary has offices in Texas and is engaged in the oil and gas exploration and production business.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...