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FieldPoint Petroleum plans fourth New Mexico well

  • FieldPoint Petroleum Corporation (FPP) says preparations have been completed to file the application to permit the drilling of a fourth well in the East Lusk Federal Section 15 of Lea County, New Mexico.
  • As with the existing three wells, FPP will own a 43.75% working interest, Cimarex Energy (XEC) will own 37.5%, and other partners will own the remaining 18.75%.
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