Monday, March 17th, 2014 and is filed under Oil and Gas Current Events, Texas Oil and Gas Investing
FOR IMMEDIATE RELEASE:
Aresco LP, a privately held Dallas-based exploration and production company, announced today the sale of nine B&R Energy well assets to Halcón Resources Corporation. The nine-well package, located in Brazos and Madison Counties, Texas, is part of Halcón’s core Eagle Ford area of operations.
“Coming off our recent alignment with B&R Energy, we are excited to be a part of facilitating the return of capital to our partner base,” said Brandon Laxton, President and CEO of Aresco LP. “As our investors enjoy the opportunity to recycle capital into new projects, we wish Halcón best of luck as they continue their expansion throughout their El Halcón area of interest in East Texas.”
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This is not an offer to sell nor solicitation of an offer to buy any security. Such offer may only be made by a written prospectus in a jurisdiction wherein the offering is duly registered or exempt therefrom. This content is provided for informational purposes only. Nothing herein shall be construed as tax, legal, or accounting advice. Investing in oil and gas is highly speculative and could result in substantial losses. There are no guarantees that any returns will be achieved. Potential investors should consult their attorney, accountant, and financial advisors before investing in oil and gas.
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