Recorded from War Creek Energy, this leasehold includes 400 acres plus several production wells (immediate revenues) with some of the wells being fully equipped with tank batteries. Surrounding acreage will be available once Standard Oil takes final ownership of these leases.
Ronald Brooks, chairman of Standard Oil, said: “This acquisition will be Standard’s entry into Kentucky and only the beginning of our Appalachian accumulation of oil and gas properties. The numerous presently producing wells also mark the commencement of our revenue model.”
Headquartered in Dallas, Texas, Standard Oil is focused in the acquisition, development, production, exploration for, and the sale of oil, natural gas and hydrocarbon liquids.
