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Wednesday, March 26, 2014 3:31:47 PM
January 7, 2014 10:45 AM
"We are very pleased to move forward with securing our first two producing assets and working aggressively to accelerate production through the workover and infill drilling programs. These acquisitions will set the platform for Liberty to continue its aggressive mergers & acquisition program to bring more production and proven reserves to our portfolio," stated, CEO Arthur Roy.
As previously announced, the Archer County lease covers 140 Acres with 21 oil wells and 2 injection wells. The lease has current production on average 6 Barrels Of Per Day (BOPD) from currently producing wells. The Baylor County leases cover 1,100 Acres with 17 oil wells, 4 injection wells and has revised current production of approximately 2 Barrels Of Per Day (BOPD) from currently producing wells.
IMO its coming folks and those that have hung around will be glad they did.
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