Salt Lake-based Creston Resources Inc. said Tuesday that its Homeland Gas & Oil Ltd. subsidiary has accepted an offer for an investment of $1.2 million in a joint venture to drill a new well on one of Homeland's existing Uinta Basin sites.
View Comments
The unnamed partner also has requested an option to provide another $1.2 million in a joint venture arrangement with Homeland for the drilling of a second well. The option must be exercised by Dec. 15.