Delray Securities today announced a Texas Natural Gas Exploration venture with its “Delray Securities Oil & Gas Fund”.
FOR IMMEDIATE RELEASE / PRURGENT
Boca Raton, Florida (July 19th, 2012) - Delray Securities is a private equity investments fund investing in North American oil and gas assets, including ownership interests in undeveloped leasehold, exploratory prospects, development drilling and producing oil and gas wells, as well as entities controlling oil and gas assets.
Delray Securities Oil & Gas Fund is engaging in exploration, acquisition, development and production of oil and natural gas producing properties in Texas. Delray Securities Oil & Gas Fund’s executive team has been working together since 2010 to explore, drill and develop the rich oil and natural gas resources available here in the United States. With extensive sustained growth over the past two years, Delray Securities Oil & Gas Fund's current focus is the complete development of premium Texas oil and gas projects with key properties in the Barnett Shale and other prolific zones.
Delray Securities Oil & Gas Fund currently has ten horizontal well and ten vertical well sites in the region. The sites are located on the westernmost end of the prolific Barnett Shale play which has been a hotspot for oil and natural gas drilling in recent years. Steven Muehler, President of Delray Securities, explains that “this blanket formation of shale ranges from 150’ – 400’ feet thick, runs at an average depth of 4,000’ – 6,000’ feet, and contains an estimated 26-30 trillion cubic feet of gas”.
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