Southern ITS International, Inc., DBA CorpHQ; Pure Oil & Gas Acquires Multiple Oil & Gas Assets in Jones County, Texas; Partners with Last Mile Production LLC to Drive Production Through Advanced Technology
Southern ITS International (OTC PINK:SITS) has announced that its subsidiary, Pure Oil & Gas, has acquired significant oil and gas assets in Jones County, Texas. The acquisition, completed in April 2025, encompasses producing and non-producing properties, wells, equipment, mineral leases, and working interests.
As part of the strategic move, Pure Oil & Gas has partnered with Last Mile Production , an energy technology company that will serve as the lease operator for all wells. Last Mile will leverage artificial intelligence and advanced data analytics to optimize production operations.
Gil Irey, CFO of Pure Oil & Gas, emphasized that this acquisition represents a important step in Pure's growth strategy, focusing on building a high-performing portfolio of energy assets supported by data-driven operations.
Southern ITS International (OTC PINK:SITS) ha annunciato che la sua controllata, Pure Oil & Gas, ha acquisito importanti asset petroliferi e di gas nel Jones County, Texas. L'acquisizione, completata nell'aprile 2025, comprende proprietà produttive e non produttive, pozzi, attrezzature, concessioni minerarie e partecipazioni operative.
Come parte della strategia, Pure Oil & Gas ha stretto una collaborazione con Last Mile Production, un'azienda di tecnologia energetica che agirà come operatore dei contratti di locazione per tutti i pozzi. Last Mile utilizzerà l'intelligenza artificiale e analisi avanzate dei dati per ottimizzare le operazioni di produzione.
Gil Irey, CFO di Pure Oil & Gas, ha sottolineato che questa acquisizione rappresenta un passo importante nella strategia di crescita di Pure, focalizzata sulla costruzione di un portafoglio di asset energetici ad alte prestazioni supportato da operazioni basate sui dati.
Southern ITS International (OTC PINK:SITS) ha anunciado que su filial, Pure Oil & Gas, ha adquirido activos significativos de petróleo y gas en el condado de Jones, Texas. La adquisición, completada en abril de 2025, incluye propiedades productivas y no productivas, pozos, equipos, concesiones minerales e intereses operativos.
Como parte de la estrategia, Pure Oil & Gas se ha asociado con Last Mile Production, una empresa de tecnología energética que será el operador de los arrendamientos para todos los pozos. Last Mile aprovechará la inteligencia artificial y el análisis avanzado de datos para optimizar las operaciones de producción.
Gil Irey, CFO de Pure Oil & Gas, destacó que esta adquisición representa un paso importante en la estrategia de crecimiento de Pure, enfocada en construir una cartera de activos energéticos de alto rendimiento respaldada por operaciones basadas en datos.
Southern ITS International (OTC PINK:SITS)는 자회사인 Pure Oil & Gas가 텍사스 존스 카운티에 위치한 주요 석유 및 가스 자산을 인수했다고 발표했습니다. 2025년 4월에 완료된 이번 인수에는 생산 및 비생산 자산, 유정, 장비, 광물 임대권, 그리고 작업 이익이 포함되어 있습니다.
전략적 움직임의 일환으로 Pure Oil & Gas는 모든 유정의 임대 운영자로 활동할 에너지 기술 기업 Last Mile Production과 협력했습니다. Last Mile은 인공지능과 고급 데이터 분석을 활용해 생산 운영을 최적화할 예정입니다.
Pure Oil & Gas의 CFO인 Gil Irey는 이번 인수가 데이터 기반 운영을 지원하는 고성능 에너지 자산 포트폴리오 구축에 중점을 둔 Pure의 성장 전략에서 중요한 단계라고 강조했습니다.
Southern ITS International (OTC PINK:SITS) a annoncé que sa filiale, Pure Oil & Gas, a acquis des actifs pétroliers et gaziers importants dans le comté de Jones, au Texas. L'acquisition, finalisée en avril 2025, comprend des propriétés productives et non productives, des puits, des équipements, des baux miniers et des intérêts opérationnels.
Dans le cadre de cette démarche stratégique, Pure Oil & Gas s'est associée à Last Mile Production, une société de technologie énergétique qui assurera l'exploitation des baux pour tous les puits. Last Mile utilisera l'intelligence artificielle et des analyses de données avancées pour optimiser les opérations de production.
Gil Irey, directeur financier de Pure Oil & Gas, a souligné que cette acquisition représente une étape importante dans la stratégie de croissance de Pure, axée sur la constitution d'un portefeuille performant d'actifs énergétiques soutenu par des opérations basées sur les données.
Southern ITS International (OTC PINK:SITS) hat bekannt gegeben, dass seine Tochtergesellschaft Pure Oil & Gas bedeutende Öl- und Gasvermögenswerte im Jones County, Texas, erworben hat. Die im April 2025 abgeschlossene Übernahme umfasst fördernde und nicht fördernde Grundstücke, Bohrlöcher, Ausrüstung, Mineralpachtverträge und Betriebsanteile.
Im Rahmen der strategischen Maßnahme hat Pure Oil & Gas eine Partnerschaft mit Last Mile Production geschlossen, einem Energietechnologieunternehmen, das als Betreiber der Pachtverträge für alle Bohrlöcher fungieren wird. Last Mile wird künstliche Intelligenz und fortschrittliche Datenanalysen einsetzen, um die Produktionsabläufe zu optimieren.
Gil Irey, CFO von Pure Oil & Gas, betonte, dass diese Übernahme einen wichtigen Schritt in Pures Wachstumsstrategie darstellt, die darauf abzielt, ein leistungsstarkes Portfolio an Energieanlagen aufzubauen, das durch datengetriebene Abläufe unterstützt wird.
- Strategic acquisition of producing oil and gas assets in Jones County, Texas
- Partnership with technology-focused operator Last Mile Production for AI-driven optimization
- Expansion of energy asset portfolio with both producing and non-producing properties
- Undisclosed acquisition cost creates uncertainty for investors
- Penny stock status carries inherent high risk and volatility
- Operating in volatile oil and gas sector subject to market fluctuations
SCOTTSDALE, AZ / ACCESS Newswire / April 25, 2025 / Southern ITS International, Inc. (OTC PINK:SITS) announced today that its subsidiary, Pure Oil & Gas, Inc., announced the successful acquisition of key oil and gas assets in Jones County, Texas. The transaction, finalized in April for an undisclosed amount, includes producing and non-producing properties, wells, equipment, mineral leases, and working interest in a strategically positioned area.
As part of the acquisition, Pure Oil & Gas has entered into a comprehensive operating agreement with Last Mile Production LLC, an energy technology company leveraging artificial intelligence and advanced data analytics to optimize oil and gas production. Last Mile will serve as the lease operator for all wells on the acquired properties.
"This acquisition marks a pivotal step in Pure's growth strategy as we continue to build a high-performing portfolio of energy assets backed by data-driven operations," said Gil Irey, Chief Financial Officer of Pure Oil & Gas. "Our partnership with Last Mile ensures that we are not just acquiring assets-but unlocking their full potential."
Pure Oil & Gas remains committed to responsible resource development and leveraging innovation to meet evolving market demands.
About Southern ITS International, Inc.
Southern ITS International, Inc. operates through its subsidiary companies across diverse sectors, each with a strategic focus, including oil and gas exploration, clothing, consumer beverages, and e-commerce fulfillment. As a holding company, Southern ITS International actively seeks opportunities to acquire stakes in both public and private companies that complement its current operations.
For investor inquiries, please contact:
Investor Relations
Southern ITS International, Inc.
Phone: 480-258-3674
Email: info@sitsintl.com
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's disclosures or filings with the SEC. You are further cautioned that penny stocks and stocks of smaller companies like Southern ITS International, Inc. are inherently volatile and risky, and that no investor should buy this stock unless they can afford the loss of their entire investment.
SOURCE: Southern ITS International, Inc.
View the original press release on ACCESS Newswire
FAQ
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