Innovation Beverage Group-backed BlockFuel Energy acquires six-well Oklahoma oil, gas package

• Innovation Beverage Group disclosed BlockFuel Energy bought producing oil and gas assets in Payne County, Oklahoma, including interests in six operated wells.
• Package includes four producing horizontal oil wells, one drilled but uncompleted well, one saltwater disposal well, with related production and gathering infrastructure.
• Transaction lifts BlockFuel’s operated well count to 61 across a 55-square-mile Oklahoma footprint spanning Payne, Pawnee, Noble counties.
• BlockFuel outlined an eight-well vertical drilling program targeted for H2 2026, using existing infrastructure to curb capital spending.
• BlockFuel is 51% owned by Innovation Beverage Group, which has proposed a merger with the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovation Beverage Group Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202606100805ACCESSWRNAPR_____1174886) on June 10, 2026, and is solely responsible for the information contained therein.