- Foothills Exploration ( OTCPK:FTXP ) has announced that it has acquired certain leases and wells located in Kansas and Oklahoma.
- The acquisition provides a multi-year inventory of wells to increase the production and reserve profile of the Co.
- The assets provide the Co. with a platform to deliver double-digit growth in production, reserves, and revenues in 2023 and 2024.
- Foothills will immediately commence a return to production program focused on gas production of 139 wells located in Craig and Nowata counties, Oklahoma.
- Foothills expects that natural gas production from all acquired wells can potentially be increased to about 5 to 8 million cubic feet per day within the first two years of production.
For further details see:
Foothills Exploration announces 545-well acquisition in Kansas, Oklahoma