All three blocks have an initial three year exploration phase.

The properties were acquired from Chesapeake Energy Corp. (NYSE: CHK) and its partner for approximately $93 million, excluding purchase price adjustments.

Company expands land position in Recôncavo Basin with successful bids on three blocks in ANP Bid Round 11.

MPX should acquire a 50% working interest in the blocks under equal terms and conditions to the bids presented by OGX in the 11th ANP Auction Round.

Completion of the sale of the royalty interests is subject to customary closing conditions, and closing is expected to occur within the next week.

The effective date of the transaction is Jan. 1 and total is subject to additional post-closing adjustments.

The transaction includes a 60% working interest in Mid-Con Energy's Cushing field and various working interests in select Southern Oklahoma waterflood units.

The largest of Capstone’s leasehold interest is in Schleicher County, Texas, where it holds about 5,000 acres targeting the Canyon Sands, Wolfcamp and Cline shale near El Dorado.

RMP has significantly expanded its asset 'footprint' in the area and now holds 28.75 sections (22 net) of land at Ante Creek.

Treaty Energy is currently drilling two wells on the 40 acre Mitchell lease in Taylor County, Texas, which is included in this agreement.