Eagle Ford shale acreage purchase for Alaska Pacific Energy

Source: Alaska Pacific Energy Corp.

Alaska Pacific Energy Corp. announced ten days ago that it has issued a letter of intent to purchase 100% of the mineral rights on 40 acres in McMullen County, Texas.

Alaska Pacific Energy Corp. (OTC PINK: ASKE) announced ten days ago that it has issued a letter of intent to purchase 100% of the mineral rights on 40 acres in McMullen County, Texas. In that release the Company had indicated that it would release more specific information later that week. "Everything seems to take longer than expected," said Company President Dominick Falso. "However I can now say that the deal is moving along as expected. Also I have received numerous telephone calls and emails asking about the drill site. I can say that the site is in the middle of petrohawks (hk) hawkville field which is a multi billion dollar company. As I have mentioned before, we have funders that are willing to get involved with deals for a piece of the deal, contingent upon the merits of the deal and as I have previously stated, this one acquisition could produce hundreds of thousands of dollars per month in revenues in exchange for an investment of less than half a million dollars ...I am very excited."

The Shale Energy Insider, an Industry Journal, reported on the propose transaction on April 17th, 2013 which can be found online. The Company has also been looking at other oil and gas opportunities both in Texas and other states and hopes to be making offers on at least two additional opportunities in the near future.

Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Adding GPS vehicle management to your team

A GPS fleet management system can be a highly effective tool to help lower costs, improve productivity, and manage your vehicles more efficiently. But with many vendors and prod...
( 09/01/2015 / 01:00 PM Eastern Daylight Time / 12:00 PM Central Daylight Time / 10:00 AM Pacific Daylight Time / 17:00 GMT )
Sponsored by

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Latest Energy Jobs

View more Job Listings >>