Nitro Increases Oil Production at Oklahoma's Nancy Hubbard Project
Nitro Petroleum has completed 2 wells on the Nancy Hubbard Project. The company acquired these leases in September, 2008 which are located in Pottawatomie County, Oklahoma. Nitro Petroleum, Inc. is the Operator of this entire project. This project involves 4 wells and one salt water disposal well. A frac was performed on the first well, the Nancy Hubbard well, at a depth of 5,300 feet in the Hunton Limestone formation, which is a very prolific pay zone in this area. The company is very pleased with the initial results. Final production numbers are presently being determined and will be reported as soon as possible.
The second well, Krouch #1, was originally drilled in 1958 but has never had a frac performed. Nitro completed a major frac and this well is now on line and producing. The company is very pleased with the initial results of this operation as the well tested at 76 BPD in the first 48 hours. Final production number will be determined once the frac water is pumped out.
The next 2 wells, Krouch # 2 and the Walker well, will also be re-worked within the next 30 days. Nitro will deepen the Krouch well to the 1st Wilcox Sand to increase oil production. In addition to the Nancy Hubbard re-work and the Krouch well, Nitro will re-equip and Frac the Hunton Limestone in the Walker well.
Larry Wise, President of Nitro, commented that once all four wells of this project are completed and in full production that this project will add significantly to the company's oil production and cash flow. Larry stated, "This project is a low risk winner that will add cash flow stability to the company and allow us to pursue larger projects."
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension