Xfuels Announces Cycle Oil & Gas Purchase of Property & Oil Leases in Electra, Texas
Electra, Texas, October 6, 2022 — McapMediaWire — Today, Xfuels Inc. (OTC: XFLS) announces Cycle Oil & Gas has closed its purchase of Ray Loveless Enterprises LLC & R.L. Gathering LLC (RL), of Allen, Texas in an all-cash deal consisting of 10 leases, 106 wells, 10 oil batteries, 3 Acre industrial yard & Shop, & Equipment in Wichita County, TX. Cycle paid $250,000 (Two Hundred and Fifty Thousand) dollars plus a 2.5 % capped ORRI to $325,000 (Three Hundred Twenty-Five Thousand) dollars for a total purchase price of $575,000 (Five Hundred and Seventy-Five Thousand). https://www.mcapmediawire.com/xfuels-announces-cycle-oil-gas-purchase-of-property-oil-leases-in-electra-texas/
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