Santa Fe Petroleum purchases leases in Jack County, Texas

Santa Fe Petroleum Inc.

Santa Fe Petroleum Inc. (OTCBB: SFPI) has signed a contract for the purchase of mineral interest land leases for 320 acres in Jack County, Texas.

The leases total approximately 320 acres and are located in the heart of the Marble Falls boom area. Sante Fe Petroleum has also contracted for raising land and drilling funds to complete the purchase of the leases and the drilling of its first well on the acreage.

Santa Fe's management plans to purchase additional acreage leases in Jack County and surrounding counties, and to bring its current leases into production as soon as possible.

Santa Fe's management has over 50 years of combined oil and gas development and production experience and plans to purchase additional acreage leases in Jack County and surrounding counties, as well as to bring its current leases into production as soon as possible.

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

Whitepapers

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...