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. [Read more…]