Victory Energy Corp. has acquired a 320-acre lease in Glasscock County near Midland through Aurora Energy Partners LLC.
Financial terms of the deal were not disclosed.
Austin-based Victory Energy (OTCQB: VYEY) announced that Aurora Energy Partners owns a 50 percent interest in the property, according to a Tuesday news release.
Victory Energy, founded in 1982, is an oil and gas company that acquires and explores oil and natural gas properties through a partnership with West Lake Hills-based Aurora Energy, according to the company's website.
In 2012, Victory Energy shifted its focus to the expansion of high-value, low-risk, multi-well properties within the Permian Basin of West Texas and the adjoining area of southeastern New Mexico, officials said.
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