AER Energy (AERN) Acquires Oklahoma Leases With 24+ Identified Wells
February 16 2012 - 7:30AM
Marketwired
AER Energy Resources, Inc. (PINKSHEETS: AERN), a diversified
holding company, announced they have acquired three Oklahoma oil
and gas leases from Texas Energy, Inc. AER Energy plans to commence
drilling on the three new leases within 60 days, with emphasis
placed on the most promising wells.
AER Energy's acquisition puts them in the fields with some big
players in oil and gas Range Resources Corp. (NYSE: RRC),
Continental Resources, Inc. (NYSE: CLP) and Forest Oil Corp. (NYSE:
FST) all have substantial interest in land in Oklahoma.
Oklahoma has seen a sharp increase in the amount of rigs within
its borders, especially since the first half of 2010. According to
a report by Headwaters Economics
(http://headwaterseconomics.org/energy/western/rig-activity/)
advances in technology has been one of the leading reasons for the
growth and development of this traditional oil and gas producing
state.
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Eric Jensen www.ionewswire.com 516.942.4910
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