Principal Solar, Inc. announced that PSWW has entered into a Partnership Agreement with Aramis, LLC to rework 8 oil wells in Caldwell County, TX. Caldwell County, 120 miles inland from the Gulf of Mexico in south central Texas, is bordered by Bastrop, Fayette, Gonzales, Guadalupe, Hays, and Travis counties. Lockhart, the county seat, is at the intersection of U.S. Highway 183 and Farm Road 20, thirty miles south of Austin and seventy miles northeast of San Antonio.

Per the Agreement, Principal Solar will reimburse certain lease costs and fund agreed upon well workover expenses to initiate the project. Per the Agreement, PSWW and Aramis will initially have an equal 50% /50% equity share in the oil leases. Funding is anticipated to commence prior to June 30, 2022.