Royal Petroleum Corp. Acquires Oil Leases in Hildago County, New Mexicoadmin
Royal Petroleum Corp. announced that the company has completed a transaction acquiring oil leases in Hildago County, New Mexico. Currently there have been 28 petroleum-exploration wells drilled, including a 14,585 foot Humble Oil test along the Alamo-Hueco anticline.
The acquisition is in close proximity to one of the only major pipelines in the area making it strategic for producing oil and gas holdings. The leases are geographically situated in the Pedragosa Basin Complex, which is potentially one of the largest natural gas bearing areas. The largest part of this basin lies south in Mexico and is largely unexplored by our Southern neighbors.
About Royal Petroleum Corp.
At Royal Petroleum Corp., our focus is on the acquisition of existing oil and gas wells, bringing them back into production for re-sale by using the latest technologies available. We strive to continually fulfill the energy requirements of tomorrow by partnering with various organizations and individuals committed to the exploration, development, and production of our domestically abundant natural resources, with a primary focus on crude oil and natural gas. We believe the fundamentals favor crude oil and natural gas as dominant commodities for the foreseeable future and that it is absolutely necessary to look to our domestic sources for our energy needs in the future.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.
Royal Petroleum Corp. Dave Hagardy, President
Source: Royal Petroleum Corp.