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Hinto Energy, Inc. (OTCQB:HENI) has acquired new oil and gas wells owned by Pacific Energy and Mining Company in the Greater Cisco Area of the Uintah Basin of Grand County, Utah.
Hinto Energy, Inc. (OTCQB:HENI) has acquired few oil and gas wells owned by Pacific Energy and Mining Company in the Greater Cisco Area of the Uintah Basin of Grand County, Utah.
As quoted in the press release:
The assets acquired include 4,783 gross acres in the Cisco Springs Fields with a net revenue interest (NRI) averaging approximately 80%. The property includes 27 wells that need to be produced or re-worked.
Click here to read the Hinto Energy, Inc. (OTCQB:HENI) press release.
