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MDM Permian Inc MDMP

Energy Oil & Gas Drilling
MDM Permian, Inc. 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

MDM Permian Inc
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Post by AveragePennyon Jul 16, 2021 1:16pm
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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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