Permex Enters Operating Arrangement with Private Permian Basin Operator

Source: www.gulfoilandgas.com 1/13/2025, Location: North America

Permex Petroleum Corporation ("Permex" or the "Company") is pleased to announce that the Company has entered into an arrangement with a private oil and gas operator concerning assets owned by such operator in the Permian Basin. This arrangement grants Permex operating rights over 19 wells in the Permian Basin in exchange for a monthly operating fee of up to $75,000 USD per month based on production volumes and commodity prices.

"Permex is very excited to enter into this arrangement," said Brad Taillon, Permex's President and Chief Executive Officer. Taillon went on to say, "I am excited that we have the opportunity to leverage our existing experienced operations team to create an immediate new revenue stream for the Company by taking over field operations for an offset operator."

Richard Little, Permex's Chairman stated, "We are pleased with the arrangement that we have been able to negotiate allowing for a new source of income for the Company that should be impactful to the bottom line."


United States >>  2/14/2025 - MDU Resources Group, Inc. (NYSE: MDU) is pleased to announce that its subsidiary, Montana-Dakota Utilities Co. (MDU), has signed a purchase agreement ...
Bermuda >>  2/13/2025 - Golar LNG Limited (“Golar”) announces that it has executed agreements to sell the 2003 built steam turbine LNG carrier, Golar Arctic. The sale price f...

United States >>  2/13/2025 -  Howard Energy Partners (HEP) announced that it has closed on the acquisition of equity interests in Midship from a subsidiary of Cheniere Energy, Inc...
Norway >>  2/12/2025 - Reference is made to the press release dated 14 January 2025 regarding the agreement in which Akastor ASA (OSE: AKAST) transfers 8.3% of the shares in...

Guyana >>  2/11/2025 - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera"), joint venture partners (the "Joint Venture") in the Petro...
Brazil >>  2/10/2025 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3:BRAV3), pursuant to CVM Resolution No. 44, following the Notice to the Market disclosed on December 17, ...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.