Continued Development of Verde’s Properties
FRISCO, TX, June 22, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – With the sustained high price of oil and gas, Verde’s well count has continued to rise. The Company continues to receive notices of permits and notices of new wells being brought online on its properties. A well being brought online indicates a new producing well and a permit indicates an intention to drill. The continued high-priced environment is a boon for Verde in that it receives the benefit of revenue from the high prices without any additional expense to the company. The Company currently has interest in over 400 wells and has received notice of over 18 new wells being brought online and 15 new permits on its assets.
Read more at globenewswire.com
/Broadcom%20Inc%20HQ%20photo-by%20Sundry%20Photogrpahy%20via%20iStock.jpg)
/Intel%20Corp_%20Santa%20Clara%20campus-by%20jejim%20via%20Shutterstock.jpg)
/Super%20Micro%20Computer%20Inc%20logo%20on%20building-by%20Poetra_RH%20via%20Shutterstock.jpg)