RainChief Energy, Inc. (RCFEF) Secures Farm-In for New Mexico Permian Acreage at Gulf Jensen Oil Prospect
Today, RainChief Energy, the Vancouver-based energy developer currently focused on the Gulf Jensen Oil Prospect in New Mexico Permian Basin, reported successfully executing an agreement with Calgary-based Nueva Oil & Gas Corp. for a farm-in interest in the Gulf Jensen. This marks a key move for RainChief as the company completes one essential aspect of the overall strategy for the Gulf Jensen, a geographically-choice oil property in Curry County, NM, with access to the northwest section of the Permian (responsible for some 17% of domestic crude production). The Gulf Jensen Prospect is comprised of 2,044 acres of oil/gas leases proximal…