The leases are located in the north Mangum field and have a total of 26 wells: 23 wells that are producing from the marble falls reef and three disposal wells.
The due diligence period and closing is expected before February next year.
West Texas Royalties and Kiowa Oil were the brokers for the transaction.
CanTex Energy is a natural gas and oil company engaged in the acquisition, exploration and development of natural gas and oil properties in the US and Canada.
