Sacgasco has added to its’ exploration and producing gas assets in the Sacramento Basin, onshore California, after acquiring a 30% non-operated working interest in the 1000 barrels of oil per day (bopd) Red Earth asset.  The transaction, consisting of six oil fields and associated infrastructure, is located in Alberta Province, Canada, the location of prolific oil and gas production.

This acquisition will provide the company with more than just additional production and revenue stream, but importantly geographic diversification outside its traditional operating territory of California.