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January 8, 2014
GE Energy Financial Services, Vess Oil, Partner for Third Time to Acquire East Texas Oil and Gas Reserves
COLLEGE STATION, Texas–GE Energy Financial Services, a unit of GE, has formed its third partnership with a Vess Oil Corp. affiliate to purchase oil reserves in East Texas for $108 million. The partnership is acquiring approximately 13,000 net acres and associated Woodbine production from an affiliate of EnerVest, Ltd. The assets are located approximately 20 miles northeast of College Station in Brazos, Madison and Grimes counties, and the target zones are the existing Woodbine and prospective Eagle Ford formations. [Read more…]
