More West Texas overthrust exploration set

Cantex Energy Corp., San Antonio, in partnership with Big Canyon Energy, signed an exploration and development agreement with Slawson Exploration Inc., Wichita, covering the Big Canyon prospect in Terrell County, Tex.Slawson Exploration will earn a 45% working interest in operating the project, which covers an initial 17,151 acres of prospective natural gas lease held by Big Canyon Energy and 7,680 acres of lease option. Beyond the lease and option coverage, the total area of mutual interest between the parties totals 89,929 acres.Cantex Energy has the right to participate throughout the area of mutual interest based on Cantex’s payment of future pro rata drilling and any further le...

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