Text Size:
A | A

Hinto Energy Completes Uintah Basin Purchase

Text Size: A | A
 
June 7, 2012

Hinto Energy Inc., Denver, (OTCBB: HENI) has completed the acquisition of certain Utah Unitah Basin oil and gas wells and related assets owned by Pacific Energy and Mining Co., Reno, Nev., (Pink Sheets: PEMC) for an undisclosed combination of cash and debt.

The assets are in the Greater Cisco area in Grand County and feature 4,783 gross acres in the Cisco Springs fields with a net revenue interest averaging approximately 80%. The property includes 27 wells that need to be produced or re-worked. Some wells are currently scheduled for connection ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription