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VirTex Inc

Company Summary

Description

VirTex Operating Company,Inc. is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. VirTex has approximately 50 full-time employees, and the operational, technical, accounting, land and management capacity to succeed in a changing marketplace. VirTex currently owns and operates approximately 500 wells throughout the state of Texas and the Appalachian Basin, and in the past seven years has averaged 24 new wells drilled per year. Its success ratio has been high, as VirTex has set pipe on 99% of the wells it has drilled since 2005.

Website

http://www.virtexoperating.com/aboutus/

Recent news

  • 6/21/2016 - Tokyo Gas Acquires 25%... (subscriber access)

Company Transactions

Date: 9/15/2016
Type: Acquisition

SELLERS:
  • VirTex Inc
  • DETAILS:

    COST: 76 $MM

    NOTES:
    25% production interest in Eagle Ford field
    REGIONS:
  • Eagle Ford