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Land Resources / News / Texas

Austin energy firm buying 41 acres salt water disposal

Source: AustinBusinessJournal
April 29, 2011
Austin-based Imperial Resources Inc. is buying 41 acres and a salt water disposal facility in Texas for about $500,000, according to a securities filing.

Imperial (OTCBB: IPRC) manages a portfolio of low-risk, onshore oil and gas assets. Through its subsidiary Imperial Oil & Gas Inc., the company signed the acquisition agreement with Legion Land & Exploration Corp. on April 27. The deal includes surface equipment, which is surrounded by about 6,000 wells, plus permits in Wise County.

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