Southern ITS' Pure Oil & Gas Expands in Texas with Strategic Acquisition

Southern ITS International, Inc., through its subsidiary Pure Oil & Gas, has successfully acquired significant oil and gas assets in Jones County, Texas. The acquisition, finalized in April, includes a portfolio of producing and non-producing properties, wells, equipment, and mineral leases, although the financial terms remain undisclosed. This move is a strategic expansion aimed at enhancing their asset portfolio.

In conjunction with this acquisition, Pure Oil & Gas has entered a partnership with Last Mile Production LLC. This collaboration focuses on employing advanced technology such as artificial intelligence and data analytics to optimize the extraction process. Last Mile will manage the operations for the newly acquired wells.

Gil Irey, CFO of Pure Oil & Gas, emphasized the strategic importance of this acquisition, highlighting the synergy between asset acquisition and technological enhancement. The company remains committed to sustainable resource development and meeting market demands through innovation.