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MDM Permian Inc MDMP

MDM Permian, Inc. is an oil and gas exploration and production company engaged in delivering sustainable energy solutions. The company's diverse portfolio spans across multiple regions. The Company is in the business of acquiring, leasing, exploring, and developing oil and natural gas properties, primarily in the Permian Basin of Texas as well as the East Texas Basin. The Company and its subsidiary, MDM Energy, Inc., are engaged in the exploration and drilling and production of oil and gas reserves in Texas.


OTCPK:MDMP - Post by User

Post by AveragePennyon Jul 16, 2021 1:16pm
73 Views
Post# 33560200

MDMP Permian Basin Acquisitions Continue

MDMP Permian Basin Acquisitions Continuehttps://www.globenewswire.com/news-release/2021/07/16/2264146/0/en/MDM-Permian-Inc-Permian-Basin-Acquisitions-Continue.html

MDM Permian, Inc. today announced the coming acquisition of up to 8 more wells in the Irion County area of interest. The acquisitions are being secured from local operators.

The purchase of 6 wells on 3 leases, all producing from Canyon Sands with behind pipe potential, is in the final stages of negotiations.

“This will be a significant addition for us, as it brings additional acreage for future drilling as well as the producers for revenue stream.” stated Michael Rafael, President and CEO of the company.

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