Matrix joins Foothill Energy, Inc. in exploration of Sacramento Basin area

Houston, TX

Matrix enters into an exploration agreement with Foothill Energy, Inc. to participate in areas of mutual interest to acquire seismic, lease interests and to drill low-risk exploration wells to add natural gas reserves in the Sacramento Basin area. Mr. Mike McCaskey, Vice President of Matrix, noted “We are very excited to work with Foothill Energy, Inc. as a high-caliber operator in California gas country. Our arrangement with Foothill will allow us to participate in many low-risk wells with other small company operators in an approximate 2000 square mile area of opportunity for our company.