Hinto Energy, Inc. (OTCQB:HENI) has acquired South Uintah Gas Properties, Inc.

As quoted in the press release:

In exchange for 11,446,931 shares of Hinto’s common stock and the assumption of approximately $375,000 notes and liabilities, Hinto has acquired approximately 5,000 gross acres of mineral interest in the Uintah Basin in Utah.

Click here to read the Hinto Energy, Inc. (OTCQB:HENI) press release.