Maverick Energy Group, Ltd. (OTCPK:MKGP) acquired 16,360 Acres in Permian Basin of West Texas for $5.1 million on February 1, 2022. As part of consideration, Maverick paid the seller 23 million restricted shares of its common stock. The assets acquired by Maverick consist of a 100% working interest in over 16,360 acres (10,000 acres being contiguous), 233 shut-in wells, a profitable, active commercial saltwater disposal and freshwater sales facility, an office in downtown Midland and additional support facilities.

Maverick Energy Group, Ltd. (OTCPK:MKGP) completed the acquisition of 16,360 Acres in Permian Basin of West Texas on February 1, 2022.