Wedgemount Takes Texas Operations In-House After Contract Operator Enters Receivership
Bitget2026/11/05 19:49- Wedgemount Resources will take direct control of its Texas operations following contract operator Koko Skadi's receivership, according to its November 4, 2026 update.
- Proceeds from product sales over the past five months remain outstanding; recovery efforts are underway with the receiver.
- Field operations continue under subsidiary Wedgemount Texas's direction during the transition, expected to take approximately one month.
- The transition covers approximately 145 wells, including 14 injection wells, in Runnels and Coleman counties.
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