New Player In the Barnett Shale

February 13, 2018

 

Texas E&P International Western Petroleum has some new oil and gas producing properties in Palo Pinto and Jack counties.

The eleven leases, totaling 18 existing-production 4,000-5,000-ft.-depth wells, are on a combined 2,790 acres in the two counties, with International Western paying $1.6 million in cash, the company said.

There’ll be more oil and gas production on the properties in the near future, which sit in the prolific Ft. Worth Basin in the Barnett Shale play.