New Westn Energy Cor (NWTR) 0.1110 $NWTR
New Western Energy Signs LOI to Acquire Majority Control of Island Energy Partners, LLC
GlobeNewswire - Fri Sep 26, 8:30AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has signed an LOI to acquire majority control of Island Energy Partners, LLC ("IEP"
. IEP owns oil and gas wells, leases, and completion tools and equipment. The properties, wells and completion equipment are located in the Rio Vista Gas Field in California. There are 15 producing wells of interest on leases comprising 1300 acres. New Western will be conducting due diligence which it expects to complete within the next 45 to 60 days.
New Western Energy Signs LOI to Acquire 1600 Acres of Oil and Gas Assets in Osage County, OK
GlobeNewswire - Tue Sep 23, 11:51AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has signed an LOI to acquire all of the Osage County oil and gas assets from a long-time private independent producer in the area. The assets, once part of the Chaparral Energy holdings, consist of 10 contiguous quarter sections totaling 1600 acres. The main formation of interest is the Bartlesville Sand that is located in two structural highs with the acreage. The Buzzard Sand, Skinner Sand, and Mississippi Lime are also present within the acreage. There are 20 producing wells of interest and one disposal well. The acreage has produced both Bartlesville oil and Mississippi gas. The project has 1000 acres of additional drilling space throughout the formations that are available to develop. The Company's preliminary plan is to study the structure for drilling locations that will complement the existing infrastructure.
New Western Energy Hires CC Colburn as Senior Advisor to the Board, Acquisitions
GlobeNewswire - Thu Sep 11, 8:48AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has hired CC Colburn, as Senior Board Advisor, Acquisitions and Divestures. Mr. Colburn will be responsible for identifying acquisitions, financing and technical oversight and support through his firm, Geo Reserves.
New Western Energy Satisfies $1,040,000 of Its Outstanding Debt
GlobeNewswire - Tue Sep 09, 8:35AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has fully satisfied all of its outstanding obligations owed to Hillair Capital Investments, LP ("Hillair" , for a total sum of $1,040,000. Pursuant to the terms of the transactions agreements the payment of $1,040,000 represents a full extinguishment of all outstanding debt obligations owed to Hillair and cancels Hillair's first priority security interest in all of the Company's and its subsidiaries assets.
New Western Energy Corp. to Commence Drilling Three New Wells on Its Winchester/Thomas Lease
GlobeNewswire - Thu Jun 26, 9:56AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced its intention to commence drilling three new development locations on its Winchester/Thomas lease located in Oklahoma. Currently the lease is developed with a number of shut-in Coal Bed Methane (CBM) and conventional gas wells, along with a five well EOR (Enhanced Oil Recovery) project for the production of oil from the Burgess Formation. The Company intends to expand the EOR project by adding three additional wells to the five spot pattern currently in production.
New Western Energy Acquires Moab Oil and Gas Project Leases
GlobeNewswire - Thu Mar 06, 8:24AM CST
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has completed its acquisition of the Moab Oil and Gas Project, consisting of 217 acres located in Nowata County, Oklahoma which is comprised of four leases; the Taylor, Roberts, Roebuck, and Walker.
New Western Gas Corporation Announces Its Authorization to Proceed With the Drilling and Completion of the Farwell 34-D4 Well, the First of an Announced Three Well Drilling Program on Its Fredonia Gas Prospect
GlobeNewswire - Tue Jan 28, 7:31AM CST
Today New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, announced its authorization to proceed with the drilling and completion of the Farwell 34-D4 well, the first well of a planned three well development program on its Fredonia Gas Prospect. The Fredonia Gas Prospect is located in the central portion of the Cherokee Basin Structural Province, which extends over much of southeastern Kansas. This maturely explored basin is best known for its oil and gas production from shallow Pennsylvanian aged Coal and Sandstone reservoirs.
New Western Energy Signs Definitive Agreement for the Acquisition of Legend Oil and Gas
GlobeNewswire - Fri Jan 24, 7:30AM CST
New Western Energy Corporation (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, is pleased to announce that it has entered into a definitive merger agreement for the acquisition of Legend Oil and Gas Ltd. ("Legend" ) (OTCQB:LOGL).
Energy Plays Will Continue to Rise as US Oil Boom is Just Getting Started
ACCESSWIRE - Wed Jan 22, 8:25AM CST
In November 2012, the International Energy Agency said that the United States would surpass Saudi Arabia and Russia as the world's top oil producer by 2017. Two months ago, the agency bumped-up the time frame for the U.S. to become the world's biggest oil producer to 2015. "The extraordinary rise of light tight oil in the United States will play a major role in meeting global demand growth over the next decade," the IEA said it its World Energy Outlook 2013 report.
New Western Energy to Commence 3-Well Re-Completion Work Program
GlobeNewswire - Wed Jan 22, 8:00AM CST
New Western Energy Corporation (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, is pleased to announce a re-completion work program on three existing wells on the recently acquired Volunteer and Lander Leases located in Wilson County, Kansas.
Esri's Location Platform Brings the Power of Place to Microsoft Dynamics CRM
PR Newswire - Tue Jan 07, 1:45PM CST
Esri today announced the release of an enhanced Esri Maps for Microsoft Dynamics CRM. The software adds new analytical perspectives for retailers across the omni-channel. From a single store to the entire supply-chain, users can collaborate to author and share analytical intelligence on customers, stores, products, markets, and the competition with a wealth of demographic data for 120 countries.
New Western Energy Corporation Provides Update on Its Oklahoma Oil & Gas Leases
GlobeNewswire - Fri Aug 02, 8:00AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America is pleased to provide the following updates on its ten (10) oil and gas leases located in Rogers and Nowata County, Oklahoma, consisting of 1750 Acres with 125 wells and 10 disposable wells.
New Western Gas Corporation Announces Initial Results From Its First Recompletion of an Existing Gas Well Acquired as Part of Its Fredonia Gas Prospect
GlobeNewswire - Mon Jul 22, 8:00AM CDT
Today New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, announced the initial results obtained through its first recompletion of an existing natural gas well acquired as part of its recently announced Fredonia Gas Prospect acquisition. The Fredonia Gas Prospect is a coal gas exploration and development prospect located in the heart of the Cherokee Basin in Wilson County, Kansas. New Western Gas Corporation had previously announced its review of behind pipe gas reserves for additional coal gas formations that can be quickly brought on line for additional natural gas production. Based on the favorable results obtained from this recompletion operation performed on the Farwell 34-D3 well, New Western Gas Corporation will proceed with additional recompletions over the next several months. The Fredonia Gas Prospect contains 9 existing wells, four of which have multiple potential undeveloped coal gas reservoirs behind pipe.
New Western Energy Corporation Selects the Anna #1 Drill Site, Its Second Well on Its B&W Ranch, to Test the Mississippi Dolomite Formation for Oil and Gas Production.
GlobeNewswire - Tue Jun 18, 8:00AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has filed an intent to drill the Anna #1 well on its B&W Ranch Lease located in Chautauqua County, Kansas. The Anna #1 well is scheduled to be drilled to approximately 1,900 ft., a depth sufficient to test the Mississippi Dolomite formation. Drilling is to commence later this month and is the second well of a 3 well exploration and development program.
New Western Gas Corporation to Commence First Reworking of Existing Fredonia Gas Prospect Well
GlobeNewswire - Fri Jun 07, 2:19PM CDT
Today New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, announced that within the next 30 days, it will commence with the first reworking of an existing well acquired as part of its recently announced Fredonia Gas Prospect acquisition. The Fredonia Gas Prospect is a coal gas exploration and development prospect located in the heart of the Cherokee Basin in Wilson County, Kansas. New Western Gas Corporation is reviewing its behind pipe gas reserves for additional coal gas formations that can be quickly brought on line for additional natural gas production. Current existing production from the Fredonia Gas Prospect leases is 6 million cubic feet per month as opposed to the previously reported "6 million mcf per month". Based on the results obtained from this announced reworking operation, New Western Gas Corporation w
New Western Energy Corporation Announces Completion of Drilling Operations at Its Magnus #1 Drill Site
GlobeNewswire - Wed Jun 05, 8:00AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has completed drilling operations at its Magnus #1 well site on its B&W Ranch Lease located in Chautauqua County, Kansas.
New Western Gas Corporation, a Wholly Owned Subsidiary of New Western Energy Corporation, Completes Its Acquisition of a 1,040 Contiguous Acres, 3 Leases, 9 Producing Gas Wells Prospect Located in Wilson County, Kansas
GlobeNewswire - Wed May 29, 8:00AM CDT
New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has completed its acquisition of the "Fredonia Gas Prospect" consisting of three producing gas leases, the Farwell, Eagle and Puckett leases containing approximately 1,040 contiguous acres and 9 producing gas wells all located in the heart of the Cherokee Basin in Wilson County, Kansas.
New Western Energy Corporation Announces Commencement of Drilling at Its Magnus #1 Drill Site
GlobeNewswire - Mon May 20, 8:00AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has completed preparation work at its Magnus #1 well site on its B&W Ranch Lease located in Chautauqua County, Kansas and has commenced drilling.
New Western Energy Corporation to Present at the Marcum LLP MicroCap Conference
PR Newswire - Mon May 20, 7:00AM CDT
New Western Energy Corp. (OTCBB: NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that the Company will present at the Second Annual Marcum LLP MicroCap Conference on Thursday, May 30, 2013 in New York City at the Grand Hyatt Hotel.
New Western Energy Corporation's Magnus #1 Drill Site Selected to Vertically Drill and Test the Mississippi Dolomite Formation for Oil Production
GlobeNewswire - Wed Apr 10, 8:06AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has filed an intent to drill the Magnus #1 well on its B&W Ranch Lease located in Chautauqua County, Kansas. The Magnus #1 well is scheduled be drilled to approximately 1,900 ft., a depth sufficient to test the Mississippi Dolomite formation. Drilling is to commence later this month and is the first well of a 3 well exploration and development program.
New Western Energy Signs LOI to Acquire Majority Control of Island Energy Partners, LLC
GlobeNewswire - Fri Sep 26, 8:30AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has signed an LOI to acquire majority control of Island Energy Partners, LLC ("IEP"
. IEP owns oil and gas wells, leases, and completion tools and equipment. The properties, wells and completion equipment are located in the Rio Vista Gas Field in California. There are 15 producing wells of interest on leases comprising 1300 acres. New Western will be conducting due diligence which it expects to complete within the next 45 to 60 days. New Western Energy Signs LOI to Acquire 1600 Acres of Oil and Gas Assets in Osage County, OK
GlobeNewswire - Tue Sep 23, 11:51AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has signed an LOI to acquire all of the Osage County oil and gas assets from a long-time private independent producer in the area. The assets, once part of the Chaparral Energy holdings, consist of 10 contiguous quarter sections totaling 1600 acres. The main formation of interest is the Bartlesville Sand that is located in two structural highs with the acreage. The Buzzard Sand, Skinner Sand, and Mississippi Lime are also present within the acreage. There are 20 producing wells of interest and one disposal well. The acreage has produced both Bartlesville oil and Mississippi gas. The project has 1000 acres of additional drilling space throughout the formations that are available to develop. The Company's preliminary plan is to study the structure for drilling locations that will complement the existing infrastructure.
New Western Energy Hires CC Colburn as Senior Advisor to the Board, Acquisitions
GlobeNewswire - Thu Sep 11, 8:48AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has hired CC Colburn, as Senior Board Advisor, Acquisitions and Divestures. Mr. Colburn will be responsible for identifying acquisitions, financing and technical oversight and support through his firm, Geo Reserves.
New Western Energy Satisfies $1,040,000 of Its Outstanding Debt
GlobeNewswire - Tue Sep 09, 8:35AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has fully satisfied all of its outstanding obligations owed to Hillair Capital Investments, LP ("Hillair"
, for a total sum of $1,040,000. Pursuant to the terms of the transactions agreements the payment of $1,040,000 represents a full extinguishment of all outstanding debt obligations owed to Hillair and cancels Hillair's first priority security interest in all of the Company's and its subsidiaries assets. New Western Energy Corp. to Commence Drilling Three New Wells on Its Winchester/Thomas Lease
GlobeNewswire - Thu Jun 26, 9:56AM CDT
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced its intention to commence drilling three new development locations on its Winchester/Thomas lease located in Oklahoma. Currently the lease is developed with a number of shut-in Coal Bed Methane (CBM) and conventional gas wells, along with a five well EOR (Enhanced Oil Recovery) project for the production of oil from the Burgess Formation. The Company intends to expand the EOR project by adding three additional wells to the five spot pattern currently in production.
New Western Energy Acquires Moab Oil and Gas Project Leases
GlobeNewswire - Thu Mar 06, 8:24AM CST
New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has completed its acquisition of the Moab Oil and Gas Project, consisting of 217 acres located in Nowata County, Oklahoma which is comprised of four leases; the Taylor, Roberts, Roebuck, and Walker.
New Western Gas Corporation Announces Its Authorization to Proceed With the Drilling and Completion of the Farwell 34-D4 Well, the First of an Announced Three Well Drilling Program on Its Fredonia Gas Prospect
GlobeNewswire - Tue Jan 28, 7:31AM CST
Today New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, announced its authorization to proceed with the drilling and completion of the Farwell 34-D4 well, the first well of a planned three well development program on its Fredonia Gas Prospect. The Fredonia Gas Prospect is located in the central portion of the Cherokee Basin Structural Province, which extends over much of southeastern Kansas. This maturely explored basin is best known for its oil and gas production from shallow Pennsylvanian aged Coal and Sandstone reservoirs.
New Western Energy Signs Definitive Agreement for the Acquisition of Legend Oil and Gas
GlobeNewswire - Fri Jan 24, 7:30AM CST
New Western Energy Corporation (OTCQB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, is pleased to announce that it has entered into a definitive merger agreement for the acquisition of Legend Oil and Gas Ltd. ("Legend" ) (OTCQB:LOGL).
Energy Plays Will Continue to Rise as US Oil Boom is Just Getting Started
ACCESSWIRE - Wed Jan 22, 8:25AM CST
In November 2012, the International Energy Agency said that the United States would surpass Saudi Arabia and Russia as the world's top oil producer by 2017. Two months ago, the agency bumped-up the time frame for the U.S. to become the world's biggest oil producer to 2015. "The extraordinary rise of light tight oil in the United States will play a major role in meeting global demand growth over the next decade," the IEA said it its World Energy Outlook 2013 report.
New Western Energy to Commence 3-Well Re-Completion Work Program
GlobeNewswire - Wed Jan 22, 8:00AM CST
New Western Energy Corporation (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, is pleased to announce a re-completion work program on three existing wells on the recently acquired Volunteer and Lander Leases located in Wilson County, Kansas.
Esri's Location Platform Brings the Power of Place to Microsoft Dynamics CRM
PR Newswire - Tue Jan 07, 1:45PM CST
Esri today announced the release of an enhanced Esri Maps for Microsoft Dynamics CRM. The software adds new analytical perspectives for retailers across the omni-channel. From a single store to the entire supply-chain, users can collaborate to author and share analytical intelligence on customers, stores, products, markets, and the competition with a wealth of demographic data for 120 countries.
New Western Energy Corporation Provides Update on Its Oklahoma Oil & Gas Leases
GlobeNewswire - Fri Aug 02, 8:00AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America is pleased to provide the following updates on its ten (10) oil and gas leases located in Rogers and Nowata County, Oklahoma, consisting of 1750 Acres with 125 wells and 10 disposable wells.
New Western Gas Corporation Announces Initial Results From Its First Recompletion of an Existing Gas Well Acquired as Part of Its Fredonia Gas Prospect
GlobeNewswire - Mon Jul 22, 8:00AM CDT
Today New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, announced the initial results obtained through its first recompletion of an existing natural gas well acquired as part of its recently announced Fredonia Gas Prospect acquisition. The Fredonia Gas Prospect is a coal gas exploration and development prospect located in the heart of the Cherokee Basin in Wilson County, Kansas. New Western Gas Corporation had previously announced its review of behind pipe gas reserves for additional coal gas formations that can be quickly brought on line for additional natural gas production. Based on the favorable results obtained from this recompletion operation performed on the Farwell 34-D3 well, New Western Gas Corporation will proceed with additional recompletions over the next several months. The Fredonia Gas Prospect contains 9 existing wells, four of which have multiple potential undeveloped coal gas reservoirs behind pipe.
New Western Energy Corporation Selects the Anna #1 Drill Site, Its Second Well on Its B&W Ranch, to Test the Mississippi Dolomite Formation for Oil and Gas Production.
GlobeNewswire - Tue Jun 18, 8:00AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has filed an intent to drill the Anna #1 well on its B&W Ranch Lease located in Chautauqua County, Kansas. The Anna #1 well is scheduled to be drilled to approximately 1,900 ft., a depth sufficient to test the Mississippi Dolomite formation. Drilling is to commence later this month and is the second well of a 3 well exploration and development program.
New Western Gas Corporation to Commence First Reworking of Existing Fredonia Gas Prospect Well
GlobeNewswire - Fri Jun 07, 2:19PM CDT
Today New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, announced that within the next 30 days, it will commence with the first reworking of an existing well acquired as part of its recently announced Fredonia Gas Prospect acquisition. The Fredonia Gas Prospect is a coal gas exploration and development prospect located in the heart of the Cherokee Basin in Wilson County, Kansas. New Western Gas Corporation is reviewing its behind pipe gas reserves for additional coal gas formations that can be quickly brought on line for additional natural gas production. Current existing production from the Fredonia Gas Prospect leases is 6 million cubic feet per month as opposed to the previously reported "6 million mcf per month". Based on the results obtained from this announced reworking operation, New Western Gas Corporation w
New Western Energy Corporation Announces Completion of Drilling Operations at Its Magnus #1 Drill Site
GlobeNewswire - Wed Jun 05, 8:00AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has completed drilling operations at its Magnus #1 well site on its B&W Ranch Lease located in Chautauqua County, Kansas.
New Western Gas Corporation, a Wholly Owned Subsidiary of New Western Energy Corporation, Completes Its Acquisition of a 1,040 Contiguous Acres, 3 Leases, 9 Producing Gas Wells Prospect Located in Wilson County, Kansas
GlobeNewswire - Wed May 29, 8:00AM CDT
New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has completed its acquisition of the "Fredonia Gas Prospect" consisting of three producing gas leases, the Farwell, Eagle and Puckett leases containing approximately 1,040 contiguous acres and 9 producing gas wells all located in the heart of the Cherokee Basin in Wilson County, Kansas.
New Western Energy Corporation Announces Commencement of Drilling at Its Magnus #1 Drill Site
GlobeNewswire - Mon May 20, 8:00AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has completed preparation work at its Magnus #1 well site on its B&W Ranch Lease located in Chautauqua County, Kansas and has commenced drilling.
New Western Energy Corporation to Present at the Marcum LLP MicroCap Conference
PR Newswire - Mon May 20, 7:00AM CDT
New Western Energy Corp. (OTCBB: NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that the Company will present at the Second Annual Marcum LLP MicroCap Conference on Thursday, May 30, 2013 in New York City at the Grand Hyatt Hotel.
New Western Energy Corporation's Magnus #1 Drill Site Selected to Vertically Drill and Test the Mississippi Dolomite Formation for Oil Production
GlobeNewswire - Wed Apr 10, 8:06AM CDT
New Western Energy Corp. (OTCBB:NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced that it has filed an intent to drill the Magnus #1 well on its B&W Ranch Lease located in Chautauqua County, Kansas. The Magnus #1 well is scheduled be drilled to approximately 1,900 ft., a depth sufficient to test the Mississippi Dolomite formation. Drilling is to commence later this month and is the first well of a 3 well exploration and development program.
