Red Resources
Description
NEW, Red Resources has retained Simplex Energy to sell a 2% nonoperated working interest in the Bridges Field in Shelby County, Texas. The working interest carries a net royalty interest of 77% to 80% in four wells producing from the Upper Fredericksburg. Current eight-eighths production is 103 barrels of oil and 630,000 cubic feet per day. For more information, contact David Fowler, 432-683-3791.