Stratex Oil & Gas Holdings, Inc. announced that it has acquired a new lease in Runnels County, Texas containing 386 gross acres. Since signing the lease, company has reopened a shut-in well that had initial production volume of between 60-90 barrels per day and has settled in at 15 barrels per day. This is the Company's first acquisition in Texas.

This acquisition represents another step in evolution as a growing E&P company. The will continue to acquire new acreage and production through various means to continue executing on business plan.