Exterra Energy, Inc. (EENI) Acquires Oil and Gas Leases in Barnett Shale of Texas
Exterra Energy, Inc. reported that the company has purchased 3,100 acres of oil and gas leases in Texas that are prospective for the Barnett Shale. The leases are in the area of the Barnett Shale that produces a mix of oil and natural gas. Exterra Energy, Inc. said that the leases have fifty two completed wells on the property, of which forty four are producing hydrocarbons. The total production of the forty four wells is approximately thirty five barrels of oil per day. Exterra Energy, Inc. plans to commence work over operations on the eight non-producing wells in order to…