Pilgrim Begins 23-Well Re-entry

Pilgrim Petroleum Corp. announced on Thursday a program to re-enter and rework 23 wells previously shut in on its Meldon White property Archer County, Texas.

The wells, originally drilled by Tillman Oil Co., will be re-opened to add to the production of approximately 1,800 barrels per month from the previously drilled wells on the lease. Pilgrim hopes to reestablish production at the rate of five wells per month and anticipates production of 4 to 7 barrels of oil per day from each well.

The extra production would add at least 250 barrels per day when the project is completed, or 7,500 barrels per month. This figure, however, will not include new wells to be drilled in the same area.

Irving, Texas-based Pilgrim Petroleum Corp. is a publicly traded independent oil and gas company. It is acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Petroleum / Facilities Engineering Specialist - Offshore
Expertise: Petroleum Engineering
Location: Houston, TX
Petroleum Engineer
Expertise: Petroleum Engineering
Location: Houston, TX
Reservoir Engineering (Oil / Gas Reservoir Management)
Expertise: Reservoir Engineering
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours