Allied Resources Inc., based in Salt Lake City, said Wednesday it has purchased a 21 percent working interest and a 12.75 percent net revenue interest in an oil and natural gas well in Texas from Tyner Exploration Inc. and Clendon B. Caire.
Financial terms were not disclosed.
The well is operated by Marquee Corp., based in Houston.
Allied is an independent oil and natural gas producer involved in the exploration, development, production and sale of oil and gas derived from properties located in West Virginia and Texas. Allied currently has production from 158 wells that are maintained and managed by local operators.