FOOTHILLS EXPLORATION INC. SIGNS LETTER OF INTENT TO ACQUIRE A SMALL INDEPENDENENT OIL & GAS OPERATOR IN THE ILLNOIS BASIN
Retrieved on:
Friday, October 29, 2021
Benchmark, Petroleum geologist, Carbon, Perception, Security (finance), U.S. Securities and Exchange Commission, Illinois Basin, Private Securities Litigation Reform Act, Hydrogen, Review, Risk, BOPD, Income, Forward-looking statement, Collection, Soil, LLC, Company, CEO, OTC, Letter, Program, News, Acquisition, GLOBE, Natural gas, Oil, Risk management
The transaction comprises the acquisition of 20 oil wells and 4 Class II salt water disposal injection wells.
Key Points:
- The transaction comprises the acquisition of 20 oil wells and 4 Class II salt water disposal injection wells.
- The Company is currently looking at other bolt-on acquisition opportunities in the basin to add to its portfolio, continued Hemb.
- Benchmark is guided by a Petroleum Geologist with over 40 years experience in exploitation and exploration in the Illinois Basin.
- Foothills Exploration, Inc. (FTXP or the Company), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow.