OPERATIONS

Winchester Energy acquires new Texas oilfield

ASX-listed Winchester Energy now holds a 100% working interest over the 1145 acre Varn Oil Field in the Permian Basin, Texas, after it paid A$586,900 for the asset.

File photo: generic image of the Permian Basin

File photo: generic image of the Permian Basin

The Varn Field is made up of nine leases which are soon to be consolidated into one, the company says.  The lease will be held by production following "the drilling of one well." The Varn Field is...

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