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A&D - News Briefs - October 31,2019
Aurex Energy Corp. inked an LOI to enter a JV with an undisclosed private arms-length capital provider to rework shut-in Barnett shale gas wells in the Fort Worth Basin. The capital provider will contribute $2.5 million to bring 10 shutin wells back to commercial production. The eight horizontal wells and two vertical wells are located on 1,400 acres that hold 2P reserves of 24.6 Bcf. The initial phase of work will focus on five......
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