XXL Energy Corp. Announces Acquisitions in the Green River Basin
XXL Energy Corp. announced that it has completed two acquisitions of acreage in the Green River Basin of Wyoming. The Acquisitions were acquired in privately negotiated transactions from an arm’s length publicly traded oil and gas company. Both of the Acquisitions included acreage that is contiguous to current acreage of the Company in the Greater Jade Area. Some of the acreage, in one of the acquisitions, falls within an Area of Mutual Interest with some of the Company’s partners in the Green River Basin and will be offered to them as part of a previous agreement with those companies. After offering the acreage to its partners (and assuming the partners exercise their rights), XXL will have acquired over 7,000 net acres in the Green River Basin. XXL’s acreage position in the Greater Jade Area will increase from 10,000 net acres to 17,000 net acres and XXL’s overall Green River acreage position will increase from 28,000 net acres to 35,000 net acres.
XXL, headquartered in Houston, is an independent oil and gas exploration and development company focused in the Greater Green River Basin of Wyoming, the Columbia River Basin of Washington, the Piceance Basin of Colorado, the Great Basin of Nevada, and the Williston Basin of North Dakota.
