Business
NextMart, Inc. - Planned Acquisition of New Mexico Water Rights
NextMart, Inc. - Planned Acquisition of New Mexico Water Rights.
About this update from Nextmart, Inc.
[{"type":"text","content":"\n\n\n\nNextMart, Inc. - Planned Acquisition of New Mexico Water Rights\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNextMart, Inc. - Planned Acquisition of New Mexico Water Rights\nPR Newswire\nHOLYOKE, Mass., June 9, 2022\n\n\n\nHOLYOKE, Mass., June 9, 2022 /PRNewswire/ -- NextMart, Inc. (the \"Company\" or \"NXMR\" - Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce that its wholly-owned subsidiary, Emco Oilfield Services, LLC (\"Emco\"), has launched an acquisition program of New Mexico water rights to expand its water capacity for own water stations in the Permian Basin.\nThe Permian Basin is the largest oilfield in the world. EMCO is currently servicing over sixty (60) clients including major oil companies such as Exxon Mobile's subsidiary, XTO, Chevron, Conoco Phillips, Occidental (OXY), and major independent public oil companies such as EOG, Devon, Cimarex, Noble Energy and many more. The acquisition of more New Mexico water rights is in direct response to the current fast-growing needs of its current clients, and new clients that are coming on board, due to the increased oil and gas activity in the Permian Basin.\nWilliam Bouyea (CEO of the Company), states…\"The historically fast increase in the price of oil and gas has spurred oil and gas drilling and production in the Permian Basin. With oil is at its highest price per barrel in well over a decade domestically, increased production is a natural occurrence. EMCO is just trying to be proactive and work in the best interests of our client base who will use more water as they attempt to grow their production levels by drilling more wells in these unprecedented times in the energy market. It goes without saying that the amount of water used by our clients will increase almost 100% in correlation to any increase in oil and gas drilling as well as actual production.\"\nWater stations provide a vital source of water needed to drill oil and gas wells. Emco will continue to transport water to and from oil and gas well drill sites in the Permian Basin, which has generated an...