South Texas driller raises money for more wells

A Schertz-based producer received a small portion of the $16 million it is seeking to drill for more oil and gas.

Tidal Petroleum Inc. notified the U.S. Securities and Exchange Commission last month that two investors had put up nearly $370,000 for the company to lease more land for drilling.

The filing didn’t say how much land it was seeking, where the wells would be or how many it hopes to drill. The company didn’t immediately return a call for comment. Thus far, Tidal has focused its efforts…

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