DENISON, Texas, Oct. 27, 2017 /PRNewswire/ -- Wright
Drilling & Exploration, Inc. recently purchased two existing
oil wells (MARIAN #1 and PETTIGREW #1) conveniently located in
the middle of their two currently expanding oil fields.
"The MARIAN #1 and PETTIGREW #1 not only have current oil
production, but they also benefit both our adjacent oil fields
with saltwater disposal and flooding features, as well as gaining
Wright Drilling additional lease acreage," said Michael W. Wright, Chairman and CEO of Wright
Drilling & Exploration. "In a few months from now, we
shall have as many as ten producing oil wells in the same area.
This not only shows our new partners how we successfully drill
new wells, but also shows that we can take those new wells to the
next level with increased oil production through various
saltwater enhancing methods."
The "JULIE Oil Field", located North/Northeast of the MARIAN #1
and PETTIGREW #1, will now have a dedicated saltwater disposal
system allowing each JULIE well to increase its oil production with
a much lower cost for saltwater disposal.
The "LOMA LINDA Oil Field", located West/Southwest of the MARIAN
#1 and PETTIGREW #1, will soon have a water flooding feature
running below its current producing oil zone(s) to increase the oil
and natural gas production in each of the LOMA LINDA wells at
no additional cost to its partners.
Wright added that Wright Drilling & Exploration now has a
dozen productive oil well locations and over 10,000 acres
under lease across the states of Oklahoma, Kansas, and Texas.
For more news on Wright Drilling & Exploration, Inc.,
visit https://wrightdrilling.com/wright-drilling-successfully-purchases-oil-production-with-extra-benefits.
Wright Drilling & Exploration, Inc. is an emergent
North Texas-based oil and gas
exploration company specializing in creating Limited Liability
Companies for direct participation drilling and exploration
ventures for accredited partners. Oil and natural gas projects can
provide tremendous tax benefits to its partners.
Visit WrightDrilling.com for
more information.
Related Files
Wright Drilling & Exploration Successfully Purchases Oil
Production with Extra Benefits.pdf
Related Images
image1.jpg
Marian #1 & Loma Linda #1
image2.jpg
Marian #1
image3.jpg
Pettigrew #1
image4.jpg
Loma Linda #2, #1 and #3
Related Links
Wright Drilling's Press Release
Wright Drilling's News
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SOURCE Wright Drilling & Exploration, Inc.