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Article: Sunoco to Purchase Oil From Canyon Creek's Fort Worth Basin - Natural Gas Production and Well Revitalization Program Unaffected By Hurricane Rita.
- Article from:
- PR Newswire
- Article date:
- September 26, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, Sept. 26 /PRNewswire-FirstCall/ -- Canyon Creek Oil & Gas Inc. (A Joint Venture Company between Universal Property Development and Acquisition Corporation (BULLETIN BOARD: UPDA) and USProduction & Exploration, LLC (USPX), a privately held Company) has selected Sunoco to gather and purchase the oil produced from Canyon Creek's wells in the Fort Worth basin in North Central Texas. Sunoco has agreed to pay a one dollar bonus over the posted price for West Texas Intermediate crude. In its agreement with Sunoco, Canyon Creek has specifically listed all of its properties located in Coleman, Palo Pinto, and Archer Counties.
Canyon Creek has also reserved ...