FRISCO, TX–(Marketwired – November 30, 2016) – West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company is pleased to announce the acquisition of six oil and gas leases in South Texas. The leases are located in Caldwell, Gonzales, Jim Wells, and Wilson Counties, Texas.
The leases are producing 10 BOPD with some shut in gas. WTXR acquired the properties for stock from an independent oil and gas producer who is divesting of its assets. Further information will be available soon on the West Texas Resources, Inc. web site (www.westtexasresources.com).
William A. Sawyer, the CEO of WTXR, commented that “this acquisition is in keeping with our plan of acquiring assets which have the potential for improvement of current wells and with underlying potential.”
About West Texas Resources, Inc.
West Texas Resources, Inc. is engaged in the business of oil and gas exploration and development in North America. The Company’s objective is to become an independent energy company engaged in the acquisition, development and exploitation of oil and gas properties in North America in partnership with oil and gas producers. The Company’s strategy is to pursue strategic acquisitions of interests in oil and gas properties, including prospects with proven and unproven reserves, which it believes to have development potential. The Company targets both new and existing fields and producing wells to be revitalized.