ReoStar Energy Corp has just published the results of its operations for the Fiscal Year (FY) ended March 31, 2008. The Company’s previous fiscal year-end for 2007 reflects activity only for the three months ending March 31, 2007 due to the accounting treatment of the partnership interests merged into the Company. In certain instances, the [...]

Nitro Petroleum, Inc. wishes to announce that the Company has sold its entire Working Interest ownership in Corsicana, Navarro County, Texas to JMT Resources Ltd.
This agreement is effective January 31st. 2007.
Nitro will continue with the working interests in numerous wells in the Barnett Shale properties located in Cooke County, Texas.
The Company will employ the proceeds [...]

Nitro Petroleum, Inc. - The Company is pleased to announce it has entered into negotiations on three separate oil and gas projects in Oklahoma.
The three production and exploration leases are all located in Nowata County.
These leases are identified as the East Mooreland, West Mooreland and Farley. The oil and gas sector in Oklahoma is part [...]

Panola County
# The Reed Estate Gas Unit Well No. 6 will be drilled by Chesapeake Operating in the Carthage (Cotton Valley) Field 1.4 miles northwest of Clayton in the MA Romero Survey, A-1. The well will bottom at 12,000 feet and may also be drilled in a wildcat field.
# Enduring Resources will drill the Allison-Cassity [...]

DEVELOPMENTAL
Cherokee County
# Marathon Oil will drill the Dixon “A” Well No. 5 in the White Oak Creek (Travis Peak) Field to 12,500 feet, 7.2 miles west of Alto in the Self, I Survey, A-793.
# The Barnes Gas Unit 1 Well No. 4 will be drilled by Southwestern Energy Production in the Overton (Cotton Valley [...]