CALGARY, Canada (WTVA) -- Dixie Energy Trust has closed the acquisition of additional working interests on certain oil and gas leases in Mississippi and Alabama.
The company announced it had acquired 20 percent working interest at sites in Lowndes and Monroe County from Fletcher Exploration LLC for $5.5 million.
Dixie will now hold working interest to 30 percent of the Maple Branch Prospect and 60 percent of the Strong Field Prospect.
The acquisition also included working interests in Conecuh and Escambia County in Alabama.
Dixie Energy Trust is a Canadian-based income trust fund with crude oil and gas resources in the U.S.