Shelby O&G Co LLC entered
into a $26 million, “stalking horse”
agreement to acquire certain Shelby
Trough assets from Weatherly Oil
& Gas LLC under Section 363 of
Chapter 11 of the US Bankruptcy
Code. The assets cover 18,000 net
acres in Shelby, San Augustine,
Nacogdoches and Sabine counties,
Texas. Production is 6,689 boe/d net
as of last......
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