West Texas Resources, Inc. a Texas-based independent oil and gas company, today announced that it has completed a working interest acquisition agreement with Two Eagles Resources of White Oak, Texas. The agreement involves West Texas Resources acquiring 25% Working Interest (18.75% net revenue interest) in the T.W. Lee Unit No. 1 located in Gregg County, Texas.
J.D. Kerr, CEO of West Texas Resources, said, "We are very pleased to announce this acquisition. It represents our continuing efforts to identify unique and promising opportunities for the company during these challenging times in the oil and gas sector. We remain active in our efforts to opportunistically pursue additional acquisitions of oil and gas properties and build shareholder value."
Source: West Texas Resources Inc.
Date: Feb 25, 2016