Dallas, March 5th, 2019.
United Oil & Gas Corp. is pleased to announce the acquisition of the Hendrick Ranch leases in Haskell and Shackelford County. The leases consist of three tracts with 17 oil wells and 2 water injection wells. This deal represents a substantial addition to United Oil & Gas’ portfolio and will add a significant value.
An official reservoir study by an accredited, independent engineer has been initiated and should be finalized in the coming weeks. United Oil & Gas continues to be committed to make their shares available in the public market and this acquisition will benefit the strategy and shareholders greatly.
We are commited to developing the Project in an environmentally responsible manner.