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Commissioners grant one‑year extension on county oil-and-gas lease to Gulftex Energy
Summary
Denman County granted a one-year extension to Gulftex Energy for an oil-and-gas lease after Gulftex representative Thomas Posey said permitting delays at the Railroad Commission prevented timely drilling; Posey said Gulftex was willing to re‑pay the lease bonus for the extension.
Denman County Commissioners approved a one-year extension on an oil-and-gas lease with Gulftex Energy to allow the company additional time to complete permitting and drilling operations.
Thomas Posey, representing Gulftex Energy, told the court the company had drilled three wells in Taft Catarina and sought to drill three…
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