Baron has completed the second phase of field work to increase oil production on its recently-acquired properties in Young County, Texas.
Ronnie L. Steinocher, President and CEO, said, "We have completed acidizing one production well and the preliminary results are within expectations. It will take a few days to determine the effectiveness of the acid job work; however, we are producing substantially more fluid than before. We also added a larger water knockout to the production facilities to help handle the increased fluid volume and expect this to also increase production."
"In addition, a second well was logged and a fairly thick sand appears to be behind pipe. We have received regulatory approval to test this zone; we expect to begin testing within the week."
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