Apollo Resources acquires oil and n atural gas producer
  by: OilOnline
  Wednesday, December 21, 2005

Apollo Resources International, Inc. has acquired Mountain States Petroleum Corporation. Mountain States owns oil and gas producing assets near the Four Corners area of the United States, and maintains production operations in the states of New Mexico, Arizona, and Utah.

Mountain States is capable of producing both oil and natural gas from its areas of operations, which contain a total of 50 wells. During 2005, Mountain States produced approximately 150 barrels of oil per day. Over the past six months, Mountain States has been in the process of re-activating natural gas production from wells and pipelines previously out of repair.

Apollo Chief Operating Officer, Wayne McPherson, stated, "These wells are in fairly close proximity to our BC&D production, so we expect to derive operating efficiencies by sharing operations resources between these two areas."