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Article: The Wiser Oil Company Expands Exploration Program in Texas Gulf Coast Region
- Article from:
- PR Newswire
- Article date:
- September 26, 1997
CopyrightCOPYRIGHT 1997 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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DALLAS, Sept. 26 /PRNewswire/ -- The Wiser Oil Company (NYSE: WZR) today announced that it purchased additional working interests averaging approximately 7% in its company operated Welder Ranch project for $2.37 million. In a separate transaction, the Company acquired an 80% interest in an oil and gas lease located in Refugio County, Texas covering approximately 15,300 gross acres. The lease is approximately twenty miles south of the Welder Ranch project.
In the second quarter, Wiser initiated exploration in the region with the purchase of the Welder Ranch project in Refugio and Goliad Counties, Texas. The Welder Ranch purchase gave the Company an average ...