Terax gains Barnett shale acreage in Texas

Oct. 3, 2005
Terax Energy Inc., Austin, has acquired 100% working interest in a 2,000-acre block adjacent to its 5,200 acres in Comanche County, Tex.

By OGJ editors
HOUSTON, Oct. 3 -- Terax Energy Inc., Austin, has acquired 100% working interest in a 2,000-acre block adjacent to its 5,200 acres in Comanche County, Tex.

Terax also received leases for an additional 13,000 gross mineral acres in Erath and Comanche counties, bringing Terax's total lease position to 31,000 gross mineral acres in Erath, Comanche, and Hamilton counties.

The properties include Barnett shale drilling targets.