VTEX Boots Production from Nueces Well after Re-completion
|Tuesday, July 15, 2003
VTEX Energy reports that its Wilson #10 Well located in Nueces County will increase production by 200%. The well's production has been increased from less than one hundred thousand cubic feet of natural gas per day to two hundred fifty thousand cubic feet per day.
"The successful rework of this well not only increases our cash flow, but could show the way to rework several other wells on this same lease," said Marshall Smith, acting CEO of VTEX. At current prices this will add an additional $360,000 on an annual basis to VTEX annual cash flow.