Monday, September 12, 2011
Fox Petroleum Inc.
Fox Petroleum Inc. announced Monday that it is acquiring Renfro Energy LLC and Cameron Parish Pipelines LLC.
Renfro Energy LLC is a Dallas, Texas based limited liability company formed in March 2002 as an asset holding company to house existing oil and gas assets located in Texas, Oklahoma and for acquisitions identified in Louisiana. Since 1995, Renfro Energy LLC and its predecessor company have bought and sold over $6 million of oil and gas properties through approximately fifteen acquisitions.
Renfro Energy LLC and Cameron Parish Pipelines LLC assets are located in the heart of the Johnson Bayou, Louisiana. The Cameron Parish School Board Lease has cumulatively produced over six million barrels of oil since the 1930s.
Terms of the deal are expected in the upcoming days.
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