Matrix awarded lease from the City of Whittier

Whittier, CA

Matrix announced today that it was awarded a lease contract from a competitive bid announcement for 1290 acres with the City of Whittier to develop land for the City of Whittier relative to acreage that sits formerly above the historic Whittier Oil Field – Main Leases to involve the former Murphy and Central leases in which approximately 1000 barrels of oil per day were in production in 1991. Matrix will develop the property, pending application and approval of a permit application to the City, with Clayton Williams Energy, Inc.