A private E&P company and an undisclosed buyer acquired assets in Lea County, Cronos Fee, Eddy County, Mercury Fee, and Hermes Fee from FieldPoint Petroleum Corporation (AMEX:FPP) for $2.2 million on June 5, 2017. The private E&P company acquired 240 net acres in Lea County and undisclosed buyer acquired all net rights in the Cronos Fee, Mercury Fee, and Hermes Fee natural gas wells and leases in Eddy County. FieldPoint will retain its 50% net working interest in the only producing well bore on the 240 net acres in Lea County. FieldPoint Petroleum Corporation will use the net proceeds from sale of assets to reduce their outstanding bank debt. A private E&P company and an undisclosed buyer completed the acquisition of assets in Lea County, Cronos Fee, Eddy County, Mercury Fee, and Hermes Fee from FieldPoint Petroleum Corporation (AMEX:FPP) on June 5, 2017.