Torchlight Energy Resources recently acquired 172,000 acres located ~22 miles east of El Paso in Hudspeth Co., TX from McCabe Petroleum for $3.34 million. The company plans to drill exploratory wells in the Orogrande Basin targeting the WolfPenn Formation at the western most section of the Permian. The newly acquired acreage gives Torchlight, if all goes well, as many as 2,500 potential drilling locations. The company's initial test program (4 verticals) will be drilled......
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