Momentum Oil and Gas acquires Fashing Field assets from Newfield Exploration Company - MarketLine Financial Deals

Momentum Oil and Gas acquires Fashing Field assets from Newfield Exploration Company

Momentum Oil and Gas acquires Fashing Field assets from Newfield Exploration Company - MarketLine Financial Deals
Momentum Oil and Gas acquires Fashing Field assets from Newfield Exploration Company
Published Jun 30, 2011
3 pages — Published Jun 30, 2011
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Brief Excerpt:

...Momentum Oil and Gas, LLC, an independent oil and natural gas company, has acquired certain South Texas oil and gas properties in Fashing Field in Atascosa and Karnes Counties Texas, US, from Newfield Exploration Company, an independent oil and gas company. Both the companies are based in the US. Announcement (May 23, 2011): Momentum Oil and Gas has entered into a purchase and sale agreement to acquire certain South Texas oil and gas properties in Fashing Field in Atascosa and Karnes Counties Texas, US, from Newfield Exploration. The Fashing Field is the largest Edwards gas discovery in Texas with over 1.2 trillion cubic feet of natural gas produced since inception in 1957. Momentum is acquiring approximately 5,000 net and all of Newfield s interests below the top of the Georgetown formation at approximately 9,700 , including the Edwards, Georgetown, and Pearsall Shale formations. The properties consist of interests in 60 wells with current net production of approximately 3.8 million cubic...

  
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MA63899_110526
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MLA:
MarketLine Financial Deals. "Momentum Oil and Gas acquires Fashing Field assets from Newfield Exploration Company" Jun 30, 2011. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Momentum-Oil-and-Gas-acquires-Fashing-Field-assets-from-Newfield-Exploration-Company-2052-61430>
  
APA:
MarketLine Financial Deals. (2011). Momentum Oil and Gas acquires Fashing Field assets from Newfield Exploration Company Jun 30, 2011. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Momentum-Oil-and-Gas-acquires-Fashing-Field-assets-from-Newfield-Exploration-Company-2052-61430>
  
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