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MCS - Aurex Energy Corp. Highlight - October 23, 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 Texas’ Fort Worth Basin. The JV partner will contribute $2.5 million to bring 10 shut-in 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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