Pilgrim Petroleum Corporation has entered into a master operating agreement with General Energy Corporation that covers Pilgrim Petroleum’s additional and current leases and all future properties in Wichita, Clay, Archer, Jack, Cook and Montague counties of North Texas.

General Energy will begin immediately to perform all the necessary work to assure that Pilgrim Petroleum’s properties are in full compliance with the regulations of the Texas Railroad Commission and re-establish oil production on the inactive leases over the coming months. General Energy will work in conjunction with American Petroleum, Pilgrim Petroleum’s current operator. General Energy Corporation is an RRC of Texas fully bonded operator.

Pilgrim Petroleum Corporation President, Rafael Pinedo, said, “We are aggressively continuing our Reactivation Program and very soon will begin a drilling program leveraging all resources available to enhance recovery and further improve Pilgrim’s production.”

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