(EMAILWIRE.COM, October 06, 2005 ) Houston, Texas. Canyon Creek Oil & Gas Inc. (A Joint Venture of Universal Property Development (OTCBB:UPDA) and USProduction & Exploration, LLC. (USPX), a privately held Company) reached an agreement with West Texas Gas Company regarding the purchase, delivery, and processing of casinghead gas from Canyon Creek's Hagler Leases in Coleman County, Texas. Canyon Creek started delivering casinghead gas to WTG last week. The gas purchase and processing agreement provides for Canyon Creek to receive a percentage of the liquids processed at the WTG Jameson processing plant.

Canyon Creek is delivering its gas into a low-pressure pipeline operated by WTG and then the gas is transported to the Jameson plant for processing. The pipeline pressure recorded at the delivery point is approximately 80 psi. This low pressure allows Canyon Creek to move its gas from the wellhead to the pipeline without having to rent a large gas compressor from a third party. Instead, Canyon Creek installed and connected a small, vacuum pump compressor that lowers the pressure to 0 psi. The casinghead gas is now free to flow into the WTG pipeline without having to buck the 80-psi line pressure. Another expected benefit is the oil production should increase as well.


Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek Oil and Gas Inc. now has over 60 wells located on more than 2,000 acres in the Fort Worth basin with several more under consideration.

About Universal Property Development

Universal Property Development and Acquisition Corporation (OTCBB: UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.

About USPX

USProduction & Exploration, LLC.
(http://www.uspx.com), an independent production and exploration company located in Sugar Land, Texas, is engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities. USPX seeks high quality exploration drilling projects in conventional and unconventional reservoirs. The Company's approach to developing apparently depleted oil and unconventional natural gas reservoirs is innovative: it combines horizontal and multilateral with under balanced drilling methods.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties
materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions

Contact:
Universal Property Development and Acquisition
Corporation
(561) 868-2071

Contact Information:
Universal Property Development and Acqui
Joseph Nchor
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