First Titan Corp. continues its determined pursuit of Texas oil and gas this week, targeting assets in Waller County for potential acquisition.

This week, FTTN finalized a letter of intent to acquire a working interest in the property. The Lone Star State, long known for its energy assets, has been a major region of focus in FTTN's aggressive acquisitions strategy. In addition to its assets in Terrell County, the company is also negotiating the possible acquisition of producing assets in Hardin County with development upside.

Known as the Minns asset package, the Waller County project contains a multi-well production package located in the Brookshire Field. According to a reserve report conducted this year, the proved developed producing reserves for the project include over 8,500 barrels of oil.

Tags: First Titan Corp.