Aztec’s wholly-owned subsidiary, Aztec Energy, will retain 30% ownership and will act as the managing general partner. Aztec Drilling & Operating, another wholly-owned subsidiary of Aztec, will serve as the partnership’s drilling contractor and operator.
Waylan Johnson, president of Aztec, said: “Aztec is beginning to be recognized by the broker dealer community for its high quality drilling/production programs and its attention to detail across a very wide spectrum of issues. We are very appreciative of the votes of confidence and we anticipate a very rewarding 2010 for Aztec, its investors and partners.”
Aztec is an exploration, development and production company focusing on Texas and other areas of the US.