Las Vegas, NV -- (SBWIRE) -- 12/12/2013 -- New Western Energy Corp (OTCMKTS:NWTR) stated that it finalized lease acquisitions pertaining to oil & gas properties. The lease covers 600 acres in an area of Kansas that has a net production of 7.5 barrels of oil per day.
NWTR says that Volunteer Lease is the first lease with about 440 acres and 14 oil wells. The other lease is Lander Lease having 160 acres and 3 oil wells. This well has 2.5 barrels of oil per day. The company says that the leases are in Cherokee Basin Structural Province.
New Western Energy Corporation is American oil exploration and production firm that basically operates in North American oil fields. Company acquires, explores and manufactures oil, gas and minerals. About 1,495,757 barrels of oil reserves are estimated to be under New Western Energy operations control.
To find out what OTCMAGIC projects for New Western Energy Corp for both short term and long term please click here: NWTR
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