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A&D - News Briefs - January 30, 2019
Pacific Energy Development struck a deal to acquire San Andres acreage in New Mexico from Energy Trust Partners-backed Manzano Energy and Manzano Energy Partners II. The $700,000 deal will see Pacific pick up 22,000 leasehold acres in Roosevelt County on the Permian’s Northwest Shelf. The acquired leases are contiguous to Pacific’s operated Chaveroo field, which it acquired in August from Hunter Oil Corp. in a $21 million deal. The assets include one producing horizontal well, three shut-in wells and one saltwater disposal well. The company plans to drill a well......
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