Victory to Report on Test Results in July
Victory Energy Corporation announced that it will have the test results of its shallow oil well by the end July.
The oil zone was treated with a large volume of acid, which was pumped into the formation. Weatherford Engineering is monitoring the results of the stimulation job and will collect the data for evaluation.
Production pipe was set on the latest Canyon Sandstone gas well drilled for the Corporation; it is scheduled for stimulation this week. Once the stimulation job is produced back, the well will be brought online into production.
Inclement weather delayed the deep rig moving onto location to finish drilling the first Strawn Limestone well for Victory. This well is currently drilled to 7,000 feet in-depth. Auxiliary equipment is being positioned and the rig should commence drilling by midweek.
Conductor pipe has been set on the second Strawn Limestone well being drilled by Victory. The drilling contractor will resume drilling after the 24-hour waiting period for the cement to dry.
- Victory Energy Takes Stake in New Mexico (Jun 13)
- Victory Energy Expands Exploration Portfolio (Apr 09)
- Victory Energy Acquires Additional Acreage in Tx. Lightnin' Prospect (Mar 27)