Foothills Exploration, Inc. announced that it plans to acquire natural gas wells and acreage for production and development in Stillwater and Golden Valley counties, Montana. The transaction, which represents Foothills second acquisition in Montana, is expected to close in the third quarter of 2019, subject to customary closing conditions, and governmental approvals. On June 26, the Company entered into a letter agreement with an unrelated third-party to acquire approximately 5,769 acres and 12 shut-in natural gas wells. Additional assets consist of associated pipelines, gathering systems, compression and processing facilities, and related yards and equipment. The Company intends to bring online the 12 shut-in wells to generate revenue in the near term and increase reserves. The Company's technical team will continue to assess the optimum in-field development program and advise on how to best exploit behind pipe potential.