Masp, Azo, & Bp: Masp Is Currently In The Process Of Acquiring Several Leases In The Walnut

MASS Petroleum, Inc

MASS Petroleum, Inc. (MASP.OB)

Mass Petroleum is an oil and gas production company backed by an experienced and dedicated management team. MASS Petroleum, Inc. is engaged in the acquisition of producing oil and natural gas wells, interests and leases from existing companies, governments, and through the open market.

MASP is engaged in the acquisition of producing oil and gas projects to build its reserves and ensure sustainable growth by focused exploration and acquisition strategies to create shareholder value.

In addition, MASP is currently in the process of acquiring several leases in the Walnut, Southeast field in Crawford County Kansas.

Kansas has proven reserves of - 263 million barrels (41,810,000 m) and is Ranked 12th in the U.S.

The target leases consist of six separate leases within the Walnut Southeast field area . The leases are: Engle, Mein, Bammann, Westhoff, Steffens and Bradshaw. Each lease is developed with a number of producing wells and in some cases water injection as well.

Production is primarily taken from the Bartlesville and Cattleman formations of Pennsylvanian age. Average well depth is approximately 380 feet. There are approximately 130 total wells on the property; leases are 100% working interest (WI), with net revenue interest (NRI) at approximately 80%. Total acreage on all leases is 1,300 acres.

In Kansas one of the benefits of water flood and regular cleanout of the well bores due to sand sloughing benefits the oil Wells, causing lower maintenance problems.

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AutoZone, Inc. (NYSE:AZO)

Attorney Advertising. Keller Rohrback L.L.P. announces that it recently filed a Fair Labor Standards Act suit in the U.S. District Court of Arizona on behalf of current and former Store Managers at AZO. The complaint alleges that AZO improperly classified its Store Managers as exempt, thereby denying them compensation for hours worked in excess of 40 per work week. The suit seeks to recover unpaid overtime compensation and other benefits of employment to which the improperly classified Store Managers are entitled.

The Store Managers job duties involve minimal managerial tasks. Most of the tasks are the same as those of non-exempt employees, such as operating the cash register, stocking merchandise in accordance with AZOs detailed plan-o-grams, and serving customers. On average, the Store Managers spend no more than one hour a day on management (less than 10% of the total working hours) using AZO computer system to schedule other workers, visiting customers with the Commercial Accounts Manager, and otherwise managing the store.

The Store Managers are closely supervised by AZO District Managers, with daily phone calls that provide detailed instructions on what to accomplish in the store that day, and via AZOs computer system which is connected to headquarters in real time, so the District Managers and other AZO executives can monitor sales and other activities in the stores. AZO has also installed closed-circuit cameras in the stores, so that District Managers and executives can monitor, on a minute-by-minute basis, the actions of the Store Managers and the other AZO employees.

For More Info Visit:http://www.autozone.com

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BP p.l.c. (NYSE: BP)

recently reported that oil stopped spilling into the Gulf of Mexico from the broken well for the first time since the disastrous spill began. It was the most significant milestone yet in BPs effort to control one of the worst environmental disasters in U.S. history.

Now begins a waiting period to see if the cap can hold the oil without blowing a new leak in the well. Engineers will monitor pressure readings incrementally for up to 48 hours before reopening the cap while they decide what to do next. The cap is only planned as a temporary fix until a final plug is set from underground, maybe next month.

BP has spent more than $3 billion to corral the spill, and also BP has agreed to set aside another $20 billion for damage claims. In addition, BP has taken steps to reassure business partners in the Middle East and Russia that it remains a viable company.

BP p.l.c. provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products.

For more information about this company please visit http://www.bp.com

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by: Blayne Sheffield

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