Southern Energy Group (SEG) has confirmed the acquisition of the JT Fields Berry Lease.
Located in the Caldwell County, Texas, the JT Fields Berry Lease will receive a multi-well re-stimulation and secondary recovery project for the Austin Chalk reservoir with six wells.
The firm believes the lease will increase production of multiple reservoirs.
Robert Dorrance, president, said: “SEG is excited to have purchased the JT Fields – Berry Lease in Caldwell County, Texas as we continue to aggressively add substantial value to the company and our partners as well as the expansion of our presence in the area.”
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