- Pure Oil & Gas, a subsidiary of Southern ITS International (SITS, Financial), has acquired oil and gas assets in Jones County, Texas.
- The acquisition includes both producing and non-producing properties, with Last Mile Production LLC enhancing operations through AI technology.
- This strategic expansion supports Pure Oil & Gas's goal of building a high-performing portfolio of energy assets.
Southern ITS International, Inc. (OTC PINK:SITS) has announced a major expansion in its energy portfolio through its subsidiary, Pure Oil & Gas. The company successfully acquired a set of valuable oil and gas assets in Jones County, Texas, as part of a strategic move completed in April 2025. While the financial details remain undisclosed, the assets include a combination of producing and non-producing properties, wells, equipment, mineral leases, and working interests.
To optimize production, Pure Oil & Gas has partnered with Last Mile Production LLC, an innovative energy technology firm. Last Mile will operate the leases for all wells, employing advanced artificial intelligence and data analytics to enhance oil and gas extraction efficiency. This integration of technology aims to unlock the full potential of the acquired assets.
Gil Irey, Chief Financial Officer of Pure Oil & Gas, commented on the acquisition, stating, "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. Our partnership with Last Mile ensures that we are not just acquiring assets—but unlocking their full potential."
Southern ITS International remains committed to responsible resource management and innovation-driven growth as part of its broader strategy to expand its holdings in diverse sectors.
