Xtreme O&G All Smiles over Initial Production at Ok. Well
Xtreme O&G announced that the Robinson well in Oklahoma achieved initial production of over 300 barrels of oil and 850,000 cubic feet of gas per day. Current regular production has settled in at approximately 200 barrels of oil and 1,000,000 cubic feet of gas per day. While Xtreme's interest in this well is small, the technology and methods successfully used to achieve these results have now been validated. The Company's partners have spent $22 Million on six other wells in the area perfecting the science with similar production results.
Willard G. McAndrew III, CEO of Xtreme, commented, "The Robinson results verified our horizontal drilling and completion procedures. We intend to use the same methods on our Kansas properties where the oil formations should be even more responsive to these processes."