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Holly to buy Franklin Aston & Fair oil and gas assets
Dallas based Holly Corp executive vice president E I Parsons Jr announces signing to acquire substantially all oil and gas producing properties and 250000 net acres of undeveloped leases from Franklin Aston & Fair Ltd for about 12 million dollars with Read and Stevens of Roswell possibly participating up to 50 percent. Net earnings for the year ending July 31 expected to rise about 34 percent over prior year. The deal covers about 250 producing wells across New Mexico Wyoming Colorado Montana North Dakota Texas and Kentucky.
MENTIONED IN THIS ARTICLE
Dallas
Tex
Holly Corp
Gts
Franklin, Aston & Fair, Ltd
Roswell
E.I. Parsons Jr
Read and Stevens, Inc
Holly
Parsons
Franklin
Aston
New Mexico
Wyoming
Colorado
Montana
North Dakota
Texas
Kentucky