West Texas (WTXR) 0.3500 $WTXR
West Texas Resources Acquires East Texas Oil and Gas Property
Marketwire Canada - Thu May 12, 11:35AM CDT
FRISCO, TX--(Marketwired - May 12, 2016) - West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced its acquisition of a 25% working interest (19.5% net revenue interest) in an East Texas oil and gas property. The property is known as the T.A. Greer lease and includes two tracts of land totaling approximately 407 acres in Panola County, Texas. The property is held by production by two operating wells that the operator plans to re-work commencing in the third quarter. The Company acquired the property from Two Eagles Resources in consideration of the Company's payment of $10,000 and issuance of 60,000 shares of its common stock.
West Texas Resources Enters Letter of Intent to Acquire Louisiana Oil and Gas Properties
Marketwired - Mon Apr 11, 8:30AM CDT
West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced that it has entered into a Letter of Intent ("LOI"
with MORANSCO Energy Corporation of Shreveport, Louisiana to acquire The Dixie/Dzurich Production. The LOI involves West Texas Resources acquiring 100% working interest (82.3% net revenue) of 57 wells on approximately 3,841 acres in the State of Louisiana. The acquisition will be an all cash transaction and expected to close June 30, 2016.
West Texas Resources, Inc. Announces Appointment of Gordon Johnson to Board of Directors
Marketwired - Mon Nov 09, 2:41PM CST
West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced the appointment of Gordon Johnson to its board of directors. Mr. Johnson has over 40 years of experience in the oil and gas industry. Following his graduation from University of Texas, he was employed by two major and two large independent oil companies, receiving experience in Texas, New Mexico, Oklahoma, Montana, North Dakota, and Louisiana. Subsequently, he joined the ranks of the independent oil operators. He has since served as president of several oil and gas companies. During his career he has been responsible for generating geological prospects, acquisition of oil and gas leases and producing properties, generation of drilling funds, supervision of the drilling and completion of numerous oil and gas wells, and coordination of several mergers. Mr. Johnson is currently president of Bayside Corporation, a company engaged in acquiring existing wells for remediation and re-completion as well as generating development drilling prospects.
West Texas Resources, Inc. to Acquire Mineral Leases Covering Approximately 37,000 Acres
Marketwired - Tue Aug 18, 9:14AM CDT
West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced that it has entered into an agreement with Kiowa Oil Company to acquire non-operating leases covering approximately 37,702 gross mineral acres leased throughout the United States including 24,282 gross mineral acres in Montana and 7,487 gross mineral acres in North Dakota. Pursuant to which agreement with Kiowa Oil Company, West Texas Resources will acquire the leases in consideration of its issuance of shares of its common stock at the rate of $0.50 per share. The parties have agreed to engage an independent oil and gas valuation firm who will determine the fair market value of the non-operating leases. At the closing of its acquisition of the leases, West Texas Resources will issue to Kiowa Oil Company a number of its shares of common stock equal to the fair market value of the leases as determined by the independent oil and gas valuation firm, divided by $0.50. Kiowa Oil Company is a privately-held investment company controlled by Gary Bryant, the controlling shareholder of West Texas Resources. The parties expect the transaction to close in September 2015.
West Texas Resources names Paul Brogan to board
M2 - Mon Apr 27, 3:23AM CDT
Oil and gas company West Texas Resources (OTC PINK:WTXR) announced on Friday the addition of Paul Brogan to its board of directors.
West Texas Resources, Inc. Announces Appointment of Paul Brogan to Board of Directors
Marketwired - Fri Apr 24, 12:17PM CDT
West Texas Resources, Inc. (OTC PINK: WTXR), a Texas-based independent oil and gas company, today announced the appointment of Paul Brogan to its board of directors. Mr. Brogan has over 30 years of experience in the oil and gas industry. From 1999 to 2010, Mr. Brogan served as president of LEXCO Energy Corporation, a Houston-based Oil and Gas Company. From 1998 to 1999, Mr. Brogan served on the advisory staff of R.A. Lenser and Associates, a petroleum engineering and geological consulting firm specializing in comprehensive oil and gas reserve reports, geological studies and 3-D seismic interpretation. From January 2000 to 2003, Mr. Brogan served as an advisor to the Venezuelan Ministry of Energy and Mines. From 1992 through 1998, Mr. Brogan was vice president of Rosneftegazstroy International, the former Ministry of Oil, Gas and Construction in Russia. Mr. Brogan initially started in the oil business in 1973 with Green Head Supply Company, a major supplier of oil and gas equipment, serving in the capacity of vice president responsible for financial planning, negotiations, marketing and public relations.
West Texas Resources buys 10% Birnie Field interest in Texas
M2 - Wed Sep 24, 5:25AM CDT
Oil and gas company West Texas Resources (OTCQB:WTXR) disclosed on Tuesday the completion of the acquisition of 10% working interest (7.5% net revenue interest) in a natural gas prospect located in the Birnie field in Motley County, Texas.
West Texas Resources Acquires East Texas Oil and Gas Property
Marketwire Canada - Thu May 12, 11:35AM CDT
FRISCO, TX--(Marketwired - May 12, 2016) - West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced its acquisition of a 25% working interest (19.5% net revenue interest) in an East Texas oil and gas property. The property is known as the T.A. Greer lease and includes two tracts of land totaling approximately 407 acres in Panola County, Texas. The property is held by production by two operating wells that the operator plans to re-work commencing in the third quarter. The Company acquired the property from Two Eagles Resources in consideration of the Company's payment of $10,000 and issuance of 60,000 shares of its common stock.
West Texas Resources Enters Letter of Intent to Acquire Louisiana Oil and Gas Properties
Marketwired - Mon Apr 11, 8:30AM CDT
West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced that it has entered into a Letter of Intent ("LOI"
with MORANSCO Energy Corporation of Shreveport, Louisiana to acquire The Dixie/Dzurich Production. The LOI involves West Texas Resources acquiring 100% working interest (82.3% net revenue) of 57 wells on approximately 3,841 acres in the State of Louisiana. The acquisition will be an all cash transaction and expected to close June 30, 2016. West Texas Resources, Inc. Announces Appointment of Gordon Johnson to Board of Directors
Marketwired - Mon Nov 09, 2:41PM CST
West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced the appointment of Gordon Johnson to its board of directors. Mr. Johnson has over 40 years of experience in the oil and gas industry. Following his graduation from University of Texas, he was employed by two major and two large independent oil companies, receiving experience in Texas, New Mexico, Oklahoma, Montana, North Dakota, and Louisiana. Subsequently, he joined the ranks of the independent oil operators. He has since served as president of several oil and gas companies. During his career he has been responsible for generating geological prospects, acquisition of oil and gas leases and producing properties, generation of drilling funds, supervision of the drilling and completion of numerous oil and gas wells, and coordination of several mergers. Mr. Johnson is currently president of Bayside Corporation, a company engaged in acquiring existing wells for remediation and re-completion as well as generating development drilling prospects.
West Texas Resources, Inc. to Acquire Mineral Leases Covering Approximately 37,000 Acres
Marketwired - Tue Aug 18, 9:14AM CDT
West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced that it has entered into an agreement with Kiowa Oil Company to acquire non-operating leases covering approximately 37,702 gross mineral acres leased throughout the United States including 24,282 gross mineral acres in Montana and 7,487 gross mineral acres in North Dakota. Pursuant to which agreement with Kiowa Oil Company, West Texas Resources will acquire the leases in consideration of its issuance of shares of its common stock at the rate of $0.50 per share. The parties have agreed to engage an independent oil and gas valuation firm who will determine the fair market value of the non-operating leases. At the closing of its acquisition of the leases, West Texas Resources will issue to Kiowa Oil Company a number of its shares of common stock equal to the fair market value of the leases as determined by the independent oil and gas valuation firm, divided by $0.50. Kiowa Oil Company is a privately-held investment company controlled by Gary Bryant, the controlling shareholder of West Texas Resources. The parties expect the transaction to close in September 2015.
West Texas Resources names Paul Brogan to board
M2 - Mon Apr 27, 3:23AM CDT
Oil and gas company West Texas Resources (OTC PINK:WTXR) announced on Friday the addition of Paul Brogan to its board of directors.
West Texas Resources, Inc. Announces Appointment of Paul Brogan to Board of Directors
Marketwired - Fri Apr 24, 12:17PM CDT
West Texas Resources, Inc. (OTC PINK: WTXR), a Texas-based independent oil and gas company, today announced the appointment of Paul Brogan to its board of directors. Mr. Brogan has over 30 years of experience in the oil and gas industry. From 1999 to 2010, Mr. Brogan served as president of LEXCO Energy Corporation, a Houston-based Oil and Gas Company. From 1998 to 1999, Mr. Brogan served on the advisory staff of R.A. Lenser and Associates, a petroleum engineering and geological consulting firm specializing in comprehensive oil and gas reserve reports, geological studies and 3-D seismic interpretation. From January 2000 to 2003, Mr. Brogan served as an advisor to the Venezuelan Ministry of Energy and Mines. From 1992 through 1998, Mr. Brogan was vice president of Rosneftegazstroy International, the former Ministry of Oil, Gas and Construction in Russia. Mr. Brogan initially started in the oil business in 1973 with Green Head Supply Company, a major supplier of oil and gas equipment, serving in the capacity of vice president responsible for financial planning, negotiations, marketing and public relations.
West Texas Resources buys 10% Birnie Field interest in Texas
M2 - Wed Sep 24, 5:25AM CDT
Oil and gas company West Texas Resources (OTCQB:WTXR) disclosed on Tuesday the completion of the acquisition of 10% working interest (7.5% net revenue interest) in a natural gas prospect located in the Birnie field in Motley County, Texas.
