US Natural Gas Corp to acquire oil wells in Kentucky
Energy exploration company US Natural Gas Corp has entered into terms of agreement to acquire two oil producing wells in Edmonson County located in the US state of Kentucky.
The deal is expected to close occur prior to the end of February.
The GV No. 1 well was drilled and completed in September 1987 to a total depth of 1,257ft, while the GV No. 7 well was drilled and completed in October 1995 to a total depth of 1,280ft.
The production of the GV No. 1 well is at the interval of 15 barrels of oil/day (BOD) naturally and current production is 1 at 1.5 BOD.
The GV No. 7 initial production stood at 10 BOD naturally while current production is 2.5 BOD.
The No. 1 well is may be taken up for stage two treatment of both the Dutch Creek and Devonian Clear Creek formations.
US Natural Gas Corp is principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties.
Related Insight
Suppliers Directory
Power Generation Biofuels & Biomass Fossil Fuel Geothermal Hydro Nuclear Solar Wind
Power Distribution Utilities Network Utilities Retail
Mining & Commodities Carbon Coal Minerals & Materials Nuclear Fuels
Drilling & Production Intelligence
“Competing For Share Of Global Upstream Oil & Gas Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the upstream oil and gas industry. The report also identifies oil and gas exploration and production companies and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Buy online from $2000
Comments may be moderated for spam, obscenities or defamation.