Aztec Oil & Gas, Inc. previously announced on Tuesday, November 1st, an oil marketing agreement with GulfMark Energy, Inc. as the new oil gatherer for wells in Liberty County, Texas. Today, we are very pleased to announce confirmation of an additional agreement with GulfMark for the Blue Ridge field in Fort Bend County, Texas.
"On the heels of drilling another very successful well in the Blue Ridge field, Aztec is very pleased to be able to achieve a new marketing agreement with GulfMark for this same field," stated Waylan Johnson, President of Aztec Oil & Gas, Inc. He further stated, "Aztec will continue to align itself with premier vendors in all categories, such as GulfMark. It is our belief that this sophisticated strategy is much less risky than production price hedging, for the present."
The new marketing agreement allows Aztec to take advantage of the Louisiana Sweet Trade Differential on an Evergreen contract.
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