Midwest Oil & Gas acquired a lease in Callahan County, Texas, the company said May 3. The tract consists of 160 acres located on the south half of the Greenburg Logan Survey 209, Abstract No. 269.
Callahan County, which is 900 square miles, is a well-known oil and gas producing county, with more than 19,000 wells drilled to date.
An experienced geologist will calculate the oil and gas reserves that could be located on this newly acquired lease and will be releasing the results once they become available, the company said.
Midwest Oil & Gas, based in Payson, Ariz., mainly operates in Kansas. Due to oil prices hovering at a 2016 high level, the company will begin considering expanding its operations outside of Kansas, throughout the U.S. Currently, the company has 30 nonproducing wells on about 600 acres on its flagship site in Montgomery County, Kansas.
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