Pilgrim Petroleum to acquire acreage in Clay County, Texas
Pilgrim Petroleum Corporation has acquired approximately 15,700 total acres in Clay County near the Barnett Shale, the best play in the country. The property has history of great production on the surrounding area. Some seismic data is available with this acquisition, which will facilitate a reserve report. This acquisition is expected to close within 7-14 days. This property will be added to our asset portfolio for the Final Gustavson Report.