Crude Energy acquires working interest in Permian Basin

Crude Energy LLC

Crude Energy LLC has acquired a 50% working interest in 3,680 acres located in Sterling County, Texas, in the heart of the Permian Basin.

The acreage is located in northwestern Sterling County in an area with multiple pay zones. Wells drilled on or adjacent to this block have produced from the Lower Wolfcamp Lime, the Canyon Sand, the Mississippian Chert and Lime, the Fusselman Lime, the Montoya Lime, and the Ellenburger Dolomite.

Using improved exploration and exploitation methods, the company says that this position offers Crude Energy the opportunity to develop significant oil and gas reserves with low to moderate risk.

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