Two of Team Resources' Kansas Wells Hit Oil, Gas
Team Resources, Inc. an independent oil and gas company announced that its limited partnership Natural Gas & Oil Choice Development Fund I, L.P., will soon begin oil and gas production in Kansas.
Team Resources' Direct Participation Program, Natural Gas & Oil Choice Development Fund I, L.P., discovered oil and gas at their Schomaker #2 and Ford #3-13 wells located on the eastern edge of the famous Hugoton Gas Field in southern Kansas.
"Production casings have been set and we are now waiting on the completion rig before we can put these wells into production. We expect production to begin by May, and participants can expect revenue distributions by late summer" said Kevin A. Boyles, President & CEO of Team Resources and General Partner of Natural Gas & Oil Choice Development Fund I, L.P.
Drilling has now begun on the Smith #3-26. If drilling results are successful with this well, the Company expects to begin oil and gas production by June, with revenues to follow soon after.