Followers | 3346 |
Posts | 86524 |
Boards Moderated | 5 |
Alias Born | 10/05/2005 |
Tuesday, July 18, 2006 8:07:42 AM
Monday July 17, 10:07 am ET
Westside Energy Jointly Developing 17,000-Acre Oil Field in North Texas
HOUSTON (AP) -- Westside Energy Corp. on Monday said it is in a joint venture with an unnamed "large, U.S.-based oil and gas producer" to develop about 17,000 acres in Hill County, Texas.
Westside, an oil and gas producer focused on the Barnett Shale of North Texas, said the two companies will each assign one another 50 percent interests in certain of their properties. Each will operate the wells drilled on their respective acreage.
The rig for the first joint well is now drilling.
Financial terms of the venture were not disclosed.
Hill County is located south of Dallas and north of Waco, Texas.
Westside Energy rose 34 cents, or 11.2 percent, to $3.41 in morning trading on the American Stock Exchange. The stock has traded between $2.30 and $4.50 over the past year.
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM