The well, which produces more than 230,000mcf per month, is operated by a unit of Chesapeake Energy.
Next Generation Energy CEO Darryl Reed said this acquisition keeps the company on track with its growth plans that include acquiring quality, producing natural gas and oil properties operated by leading companies.
The core mission of the US-based company is to acquire high quality revenue streams by accumulating various royalty interests in existing, operating and proven domestic energy resources including natural gas and oil wells and coal producing properties.
