Eagle-United Truck Wash, LLC acquired certain working interests in wells and fields in Wyoming and Kansas from Arête Industries, Inc. for $0.3 million.
April 09, 2019
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Eagle-United Truck Wash, LLC acquired certain working interests in wells and fields in Wyoming and Kansas from Arête Industries, Inc. (OTCPK:ARET) for $0.3 million on September 30, 2018. The working interests include 10% working interest in the Daily #1 well in Clark County, Kansas, 5% working interest in the Government Canada #1 well in Niobrara County, Wyoming, 10% working interest in the Buff Field in Campbell County, Wyoming, 1% working interest in the BB well in Converse County, Wyoming and 2.5% working interest in the Padget Field Area located in Sumner County, Kansas
Eagle-United Truck Wash, LLC completed the acquisition of certain working interests in wells and fields in Wyoming and Kansas from Arête Industries, Inc. (OTCPK:ARET) on September 30, 2018.
Arete Industries, Inc. is an independent oil and gas company. The Company is engaged in the acquisition and development of oil and natural gas reserves through a program, which includes purchases of reserves, re-engineering, development and exploration activities primarily focused on Wyoming, Kansas, Colorado and Montana. The Company holds interest in the producing oil and gas leases located in Sumner County, Kansas and Kimball County, Nebraska. It also owns a gas gathering system (pipeline and compressor station related assets) in Campbell County, Wyoming. The system consists of over 4.5 miles of eight-inch coated steel pipeline. The Company also acquires interests in traditional oil and gas ventures and seek properties that offer profit potential from overlooked and by-passed reserves of oil and natural gas, which may include shut-in wells, in-field development, stripper wells, re-completion and re-working projects.
Eagle-United Truck Wash, LLC acquired certain working interests in wells and fields in Wyoming and Kansas from Arête Industries, Inc. for $0.3 million.