Micron Enviro Systems May Acquire New Texas Project

Micron Enviro Systems has entered into negotiations on a potential multi-well oil prospect in Jones County, Texas. A decision on this prospect is expected this month. If MSEV enters into this prospect, it would make it MSEV's fourth separate prospect in the state of Texas alone.

MSEV also wishes to report that it has been informed by the operator that the frac for the Wimberley #5 is set to take place within one week barring any unforeseen issues. This is the fourth well of the seven to be worked on in this prospect. The first three wells drilled have all been successfully completed and are currently producing revenue for MSEV.

Bernie McDougall, President of MSEV stated, "We continue to drill and look for additional projects that will build the company. Management feels that being involved in as many prospects that make sense to our growth strategy is the best way to build the company. We have had exceptional success in drilling this year increasing our sources of revenue from two wells to 14 wells, and we hope to continue this type of success and growth in the near as well as long term."

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $52.67/BBL 1.91%
Light Crude Oil : $51.6/BBL 2.60%
Natural Gas : $3.17/MMBtu 2.76%
Updated in last 24 hours