MegaWest Announces First Oil from Chetopa
MegaWest Energy Corp. has commenced production from the Chetopa, Kan., non-conventional oil project.
George T. Stapleton, II, MegaWest's president and CEO, stated, "MegaWest has completed another very important step by becoming a non-conventional oil producer. The Chetopa project has begun to pay dividends for the company and this is a company milestone in terms of establishing producing reserves on this development project using thermal recovery technologies. Initial oil sales from the Chetopa project has begun this week and daily production volumes will increase over the next few weeks as steamflood operations progress."
MegaWest is an independent unconventional oil and gas company headquartered in Calgary, Alberta, Canada. With operations in Texas, Kentucky, Missouri, and Kansas, MegaWest aims to create shareholder value through the exploitation of North American heavy oil through the application of various methods of thermal and enhanced recovery.
- MegaWest Ramps Up Reserves (Jun 16)
- MegaWest Hires New VP Finance and CFO (Oct 13)
- Iroquois Capital Opportunity Fund Selected to Recapitalize Mega West (Aug 31)