The lease, in which the company owns a 75% net working interest, is a 150-acre, seven-well re-completion project located in Oklahoma’s Rogers County.
New Western Energy president Javan Khazali said PEMCO’s focus on the US mid-continent region could aid New Western Energy in evaluating new opportunities for growth.
New Western Energy is engaged in the acquisition, development, production and exploration of oil, gas and minerals primarily in North America.
