S & W Oil & Gas, LLC acquired assets of Gryphon Production Company, LLC from Chancellor Group Inc. for $0.1 million in cash on July 10, 2014. Under the terms of agreement, Gryphon Production Company, LLC will sell interest in certain oil and gas leases covering lands in Gray County, Texas, and all of Gryphon Production Company's property located on those lands, including four oil wells and one water disposal well.

S & W Oil & Gas, LLC completed the acquisition of assets of Gryphon Production Company, LLC from Chancellor Group Inc. on July 10, 2014.