According to the company, well logs in the immediate area of the Spire lease reveal excellent pay zones in the Redd Sand and Prue formations.
Larry Sanford, CEO of Allenergy, said: The company is confident and eager to commence operations on this recent acquisition to prove out our findings. We have been able to purchase this acreage as a result of winning a hard-fought effort, and are building on our aggressive reputation and our reputation for quality and performance.
