Imperial Resources Inc. (IPRC) Enters LOI to Fund Development of Recent Acquisition
Imperial Resources Inc., a company focused on building a portfolio of oil and gas assets, today announced that its subsidiary Imperial Oil & Gas Inc. has entered into a letter of intent to secure development funding for its recently acquired Salt Water Disposal Facility in the Barnett Shale in Texas. The facility is strategically located for disposal of large volumes of salt water obtained from operations on Barnett Shale gas wells, and is comprised of a surface plant on approximately 41 acres of freehold land. The facility holds a permit to dispose of up to 15,000 barrels of salt water…