The transfer is effective September 1, 2013. Due diligence and title support were provided by Axia Land Services, LLC of Fort Worth (formerly of Arlington).
The transaction involves 11 non-operated wells with gross daily volumes of 3.7 MMCFE and net daily volumes of 2.4 MMCFE.
Paun Peters, president of Western, said, "This acquisition is accretive to our gas reserves value and precisely fits with our strategy to acquire natural gas production in nonconventional plays.
"It follows our previous acquisition of a package of Johnson County wells announced in March. Our primary focus areas for acquisitions onshore are the Fort Worth Basin/Barnett, the Haynesville/deep Bossier play, Fayetteville, and East Texas Cotton Valley."
