Zavala Lease News

Stratex Oil & Gas Provides Operations Update

In its update yesterday Stratex reported that it is currently producing approximately 98 gross, 65 net barrels per day (b/d) of oil, both from its historical non-operated and operated properties in the Bakken Shale and Montana, respectively, and its operated south Texas lease. Pursuant to the Company's previously announced Joint Development Agreement signed in December 2013 and amended in January 2014…