By OGJ editors
HOUSTON, Oct. 5 -- Tradestar Corp., Hot Springs, Ark., signed a letter of intent with United Production & Exploration, Houston, to acquire, drill, and develop 2,500 acres in the Barnett Shale area of north-central Texas.
Tradestar CEO Tom Feimster said the companies plan to re-enter two existing wells vertically and one existing well horizontally.
Total daily production from these three wells is expected to reach 6 MMcfd, said Feimster. He did not give an anticipated production timetable.
