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Oil & Gas

United America Petroleum buys remaining interest of Frio County project

November 08, 2011
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AUSTIN, Texas — United American Petroleum Corp. has purchased the remaining working interest of the Lozano lease in Frio County, Texas, for a purchase price of $160,000, according to a press release.

This purchase will provide United with 100 percent working interest in the Lozano lease, which should increase United''s revenues from this lease by three times.

The project consists of three oil-producing wells sitting on 110 acres, with 20 acre spacing allowing potential offset drilling locations.
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