At its Caviar #1, the second prospect of six planned in the prolific Louisiana area, Universal Energy has completed installing the "casing" in preparation for production as a multi-zone gas well.
Billy Raley, CEO of Universal Energy Corp., stated, "The success of our first two drills from the summer/fall series has proven that the technology and research preparation prior to drilling certainly pays off. This continued success of our ongoing drilling program demonstrates the strength of our prospects and the growth potential of our company through the production from our ground assets. Given the current political climate with the Middle East, I think we all agree that domestic oil and gas sources like ours are becoming more critical to our nation's future every day."
Universal Energy Corp. continues to follow its corporate growth plan of investing in prolific areas within the United States and Canada by acquiring low risk in-field oil and gas rights that offset existing production. The Louisiana and Texas prospects the company is currently drilling are properties analyzed by 3-D seismic surveys and other research techniques to lower risk while providing opportunities to higher-return exploration.
Most Popular Articles
From the Career Center
Jobs that may interest you