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Viking Energy completes $90MM Gulf Coast acquisition



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Viking Energy Group completed its acquisition of a majority WI in assets in Texas and Louisiana from multiple sellers for $90 million, increasing its overall proven reserves by 10.5 MMboe. Current net output of 2,469 boe/d (56% oil) is from 58 conventional wells, primarily located in Orange and Jefferson counties, Texas, and Calcasieu Parish, Louisiana, with an average total measured depth of 10,639 ft. There are also 35 saltwater disposals wells.Production is from reservoirs......
 
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