Xtreme Oil & Gas, Inc. announced Monday the completion of initial hydraulic fracturing operations at the 8,500 acre property in Kansas.
This property previously generated over 21 million barrels of oil for Exxon Mobil Corporation and others in its 70 year history. Xtreme Oil & Gas and its partners have employed a low risk horizontal drilling program combined with a multi-stage hydraulic fracturing technique in an effort to produce the remaining recoverable oil in these locations.
Willard McAndrew, CEO of Xtreme Oil & Gas, stated, "Kansas represents a significant opportunity for the Company and its partners as we look to shift into production and capitalize on the geologist estimated 3.7 million barrels of recoverable oil. Our proven track record of success in utilizing new technologies to recover oil at previously producing sites bodes well for the efficacy of our operations, and we anticipate revenue from Kansas in the third quarter of 2012."
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