Current FTXP Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

87-well acquisition expected to close in Q3 2019
Foothills Exploration Inc. (stock ticker: FTXP), an independent E&P focused on assets in the Rocky Mountain region, has released an update of their planned acquisition of a 7,000-acre property in Montana’s North-Central Basin.

The purchase, which would include 87 oil and gas wells, consists mainly of stripper wells currently producing approximately 106 BOPD.

Source: Foothills Exploration

Oil-producing assets include 58 wells – 12 producing, 25 shut-in proved developed non-producing, and 21 injection wells – located in the Sumatra and Big Wall/Little Wall fields. Gas-producing assets include 29 stripper wells, 10 of which...

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