Verde Bio Holdings, Inc. announced that with the sustained higher oil and gas prices, its well count continues to rise. Recently, the company has received notice of over 8 new wells being brought online on its oil and gas properties. The main areas of continued new development are on the company's Permian Basin, Haynesville shale properties which allows a solid mix of oil and gas new development.

A well being brought online indicates a new producing well and a permit indicates an intention to drill. With the addition of these wells, the company now has over 500 producing wells in its portfolio.