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Office Managers, Inc. Subsidiary Western Gas Corporation Signs Agreement for a Gas Drilling Prospect with the Ken Lyons Company of San Angelo, Texas.
Business Editors
SALT LAKE CITY--(BUSINESS WIRE)--Aug. 26, 2003
Office Managers, Inc (OTCBB:OFFM) is an incubator company whose purpose is to identify and acquire companies with a unique technology and/or product, infuse them with necessary capital and development, and spin off those companies as a value-added to OFFM shareholders.
The purpose of the formation of wholly owned subsidiary Western Gas Corporation is to take advantage of the ever-increasing need for energy in North America coupled with the price of gas in excess of $5.00 per thousand cubic feet.
Western Gas Corporation has signed an Agreement with The Ken Lyons Company of San Angelo, Texas to participate on a percentage bases in a variety of Prospect gas drilling programs beginning in September 2003. The first Agreement signed is to take a 5.625% working interest in the leases of the Lightner Prospect in Concho and Mc Culloch Counties, Texas.
The Assignment shall be made without warranty and shall convey to Western Gas, a 4.50% net revenue interest in the Leases. The Lightner Prospect first Well-Krieg "A"#1 includes 646 acres and is located 4 miles South of Melvin, Texas. The Wells total depth will ...
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Source: HighBeam Research, Office Managers, Inc. Subsidiary Western Gas Corporation Signs...