New Times Energy Cuts Uinta Basin Deal
October 8, 2012
New Times Energy Corp. Ltd. has purchased an oil and gas operating company, an additional seven wellbores and 280 acres located in the Uinta Basin, Utah, adding New Times' total number of wells in the basin to 39.
According to the agreement signed between the group and Tiger Energy Partners Utah Acq. LLC, New Times Energy acquires a 100% working interest in the 80% net revenue interest of seven wellbores in Uinta County, Utah; 280 acres, or approximately 40 acres per well, in the leases immediately surrounding these wells; and ...
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