Tag Archives: Oklahoma

Top 100 Cities & Towns in Texas by population

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Texas is a state located in the southern region of the United States. It is the second largest state in terms of land area, after Alaska, and the second most populous state, after California. The state is bordered by Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and Mexico to the south.

Texas has a diverse economy, with major industries including oil and gas, agriculture, technology, and healthcare. The state is also known for its vibrant culture, which includes cowboy and country music traditions, Tex-Mex cuisine, and a strong history of football and other sports.

The state capital is Austin, and the largest cities in Texas include Houston, San Antonio, Dallas, and Fort Worth. Texas is home to a number of major universities, including the University of Texas at Austin and Texas A&M University, as well as many smaller colleges and community colleges. Continue reading →

Paycheck Protection Program

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Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.

SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.

Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.

Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
  • Sole proprietors, Independent Contractors, and Self-employed persons.

Please see this page to learn more details. Thanks.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

West Texas Resources signs Joint Venture Agreement

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Frisco, Texas, June 29, 2018 (Globe Newswire) — West Texas Resources (“WTR” or the “Company”) (OTCBB:WTXR) announced today that the Company has agreed to a Joint Venture Agreement with Miller Oil Properties, Inc. and D-Mil Production, Inc. (“Miller Companies”). WTR will acquire certain non-operated working interests in properties which are currently owned by non-operating partners to the Miller Companies.  These properties are located in Oklahoma and Texas and operated by the Miller Companies.

Under terms of the agreement WTR acquires most of the non-operated working interest in the properties which are located in south central Oklahoma and north Texas. The properties currently comprise working interests in nineteen (19) wells, ten (10) of which are wells that are currently waiting on re-completions and/or work overs.  As part of the Joint Venture Agreement, WTR will fund the development of Proved Behind Pipe Reserves and Proved Shut-in Reserves on these ten wells. The total estimated capital required to carry out the development plan is $423,500.00. Purchase and Sale Agreements (PSA) for the non-operated working interests have previously been negotiated by the Miller Companies and are in hand. WTR will pay $250,000.00 to acquire the non-operated working interests under PSA. Hunter Stuart Energy Advisors and Ponderosa Resources Corporation, who provided financial advisory and petroleum engineering services will be paid a sum of $100,000.00 upon closing of the PSA, fifty percent (50%) of this fee may be paid, at the option of WTR, in WTR stock based on the closing price of WTXR common shares on the date of execution of this agreement.  Closing of the PSA is subject to WTR’s ability to raise the required capital to acquire the working interests. Continue reading →