Nevada-based XA Interactive, Inc. has announced it is acquiring a vast oil field spanning more than 1000 acres, along with 90+ operating oil wells and all associated equipment. The all-stock deal is set to provide XA Interactive and its operating partners with a major boost to its business interests, as the operating wells are currently generating millions in revenue annually.
This acquisition represents a major play for XA Interactive, as the company expands its reach into the oil and gas industry. With a solid track record of success in various other sectors, XA Interactive is poised to take advantage of the current market conditions and capitalize on the opportunities presented by the oil and gas industry.
“We are thrilled to be adding these assets to our portfolio,” said Michael Prozer, CEO of XA Interactive. “Acquiring these operating wells and the associated acreage and additional equipment is a testament to our commitment to growth and to providing value to our shareholders. We look forward to leveraging our expertise in other areas to drive the success of this venture. Our operations team is going to take the next few weeks to assess the field and assets, and from there structure our operations planning for further development.”
With the acquisition of this oil field, XA Interactive is positioned to take advantage of the growing demand for oil and gas products domestically. The company’s experienced operating partners with decades in the oil and gas business gives it a unique perspective on how to successfully operate in this industry.
The operating wells included in the acquisition are generating millions in revenue annually, and XA Interactive is confident that it can build upon this success. By investing in new additional wells, the company is poised to increase production and drive profits even higher.
This acquisition is just the latest in a series of strategic moves by XA Interactive to expand its business interests and provide value to its shareholders. With a proven track record of success and a solid foundation of expertise, the company is well positioned to take advantage of the opportunities presented by the oil and gas industry and drive growth for years to come.
XA is involved in three diverse fields of business: Natural Resources; Technology; and Electric Vehicle Charging Stations.
For more information, visit www.xainteractive.com
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Media ContactCompany Name: XA Interactive, Inc.Contact Person: Josephine VargasEmail: Send EmailCity: Las VegasState: NevadaCountry: United StatesWebsite: www.xainteractive.com
