Stratex Oil & Gas Holdings, Inc. announced that it is converting the Minzenmayer 3 well to a salt water disposal well to aid in the daily production volume of the Minzenmayer 3-B well. Since reopening the Minzenmayer 3-B in March of this year, the well has been limited in its daily oil production due to the lack of salt water disposal capabilities on site. Stratex believes the conversion of the Minzenmayer 3 will more than double the production of the Minzenmayer 3B.

Stratex will continue to evaluate the Runnels County prospect for additional daily production.