Texhoma Energy, Inc. announced that it has won a third auction and acquired various non-operated working interests in eight wells located in Gregg and Upshur Counties, Texas. The working interest ownership interest percentages vary between 0.053985% and 0.54487%. The wells are operated by Quantum Resources Management, LLC of Houston, Texas.

Combined, these wells have produced an average of approximately 280,000 cubic feet per day of natural gas (MCFPD) and 8 barrels of oil per day (BOPD) over the past six months. The effective date for revenue recognition of the acquisition commenced September 1, 2014. Gilbert Steedley, president of Texhoma, provided the funding for the acquisition.