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Woodlands, TX., Oct. 19, 2023 (GLOBE NEWSWIRE) -- BlueFire Equipment Corp. (OTC: BLFR) (“BLFR” or the “Company”), a specialist in emerging industry acquisitions, announces the 90% acquisition of Screaming Eagle Partners, LLC (“Screaming Eagle”), a cashflow positive family-owned oil and gas company in the state of Texas.
Who is Screaming Eagle:
Screaming Eagle holds a 90% ownership interest in Screaming Eagle BNR JV, LLC. (the “JV”) formed in the year 2022 along with Buffalo XXII Operating, LLC. that holds the remaining 10% interest. The JV owns existing wells purchased from prior operators in the Fort Trinidad field with stacked pay zones near Madisonville TX which produces 5,950 barrels of oil/month and 17,800 MCF/month in natural gas. The JV will increase production during the next six months by executing a three well horizontal sidetrack drilling program and an eleven well workover program on existing wells. https://www.globenewswire.com/news-release/2023/10/19/2763175/0/en/BlueFire-Equipment-Corp-BLFR-Acquires-Screaming-Eagle-Partners-LLC-a-Cashflow-Positive-Family-Owned-Oil-Gas-Company-in-Texas.html
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