New Westn Energy Cor (NWTR) 0.1050 $NWTR
New Western Energy Creates New Subsidiary to Acquire Majority Control of the Oil and Gas Assets of Forward Energy LLC of Montana
GlobeNewswire - Tue Dec 23, 9:29AM 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 signed and closed a definitive agreement on the majority control in a newly formed subsidiary jointly owned with Forward Energy LLC of Montana and named NWE Forward Energy LLC.
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 Creates New Subsidiary to Acquire Majority Control of the Oil and Gas Assets of Forward Energy LLC of Montana
GlobeNewswire - Tue Dec 23, 9:29AM 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 signed and closed a definitive agreement on the majority control in a newly formed subsidiary jointly owned with Forward Energy LLC of Montana and named NWE Forward Energy LLC.
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.
