Joseph Sassoon Group (JSG), a New York-based investment management company, has entered a farmout agreement securing the oil and gas interests across a massive 23,958 acres of proven drilling reserves.
Jan 27, 2023 12:00 EST
DALLAS, January 27, 2023 (Newswire.com)
The Mesa Vista Ranch, previously operated by BP Operating and Polaris Operating, once had 60 producing wells. Oil billionaire T. Boone Pickens first purchased the land in 1971 and over the years spent millions of dollars assembling over 100 square miles.
JSG now intends to drill (at a minimum) one (1) well every six months until the prospective acreage is fully developed and is scheduled to drill its first…