Texegy has entered an agreement to farm out a portion of its Austin Chalk minerals to Equinor Louisiana Properties.
Equinor will take over the operatorship of the leased portion of the assets located in the Burr Ferry field in Vernon Parish, Louisiana, US, under the agreement.
Texegy is a US-based oil and gas company, while Equinor Louisiana Partners is a wholly owned subsidiary of Norwegian energy company Equinor.
Mosman Oil and Gas, in a strategic alliance with Baja Oil and Gas, has agreed to purchase two properties located in East Texas.
Mosman will purchase a 60% working interest (WI) in the Champion project, which covers an area of 240 acres and 16% WI in the Challenger project, which covers 352 acres, for $108,000 and $43,500 respectively.
Baja will retain the remaining 40% stake and the operatorship in the Champion project.