Eagleford Energy – Stratex Enter JV on Zavala County Eagle Ford Acreage

Stratex Pays $300,000 and Will Pay to Complete the Matthews #1H in Zavala County
Eagleford Energy Matthews Lease Location

Eagleford Energy Matthews Lease Location | Click to Enlarge

Eagleford Energy has entered a joint development agreement with Stratex Oil & Gas on the 2,629-acre Matthews Lease in Zavala County.

Stratex will pay for the completion of the Matthews #1H and assume necessary payments to maintain the Matthews Lease.

Stratex paid $150,000 to the lessors in early December and will pay an additional $150,000 to Eagleford Energy to earn the right to participate in the lease.

Once the well is completed, Stratex will earn a 66.7% interest before pay out and a 50% interest after payout in the well.

The Matthews #1H has already been drilled, logged, and core has been analyzed by Weatherford.

The Matthews #3H and an 80-acre tract around the well are being retained by Eagleford Energy.

Read more at prnewswire.com

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R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

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