New Western Acquires Central Oklahoma Leases
January 3, 2013
New Western Energy Corp. (OTCBB: NWTR) has completed the acquisition from Pioneer Oil Development LLC of eight oil and gas leases totaling 1,520 acres with 106 oil wells and eight disposal wells in Rogers County, Okla.
New Western intends to provide the development funds necessary to bring in to production the existing wells, as well as the drilling of additional wells upon completion of the work overs.
Within the acquired leases is 950 contiguous acres of which a full 640 acre section has open drilling opportunities of multiple proven oil ...
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