Nitro Petroleum to Re-Work Quinlan #3 Well in Oklahoma
Nitro Petroleum will re-work the Quinlan #3 well located in Pottawatomie County, Oklahoma. This well produces oil and gas from the Simpson Dolomite Sand and Hunton Lime. Nitro will isolate the Hunton zone and produce the Simpson Dolomite. Nitro estimates that the well will produce enough oil per day after the re-work to pay back the cost of the re-work in about 90 days.
Nitro is the Operator on this project. The re-work will replace the pumping unit and the down hole pump and tubing. After the re-work this well should have a very small operating cost per month.
Larry Wise, President of Nitro, commented, "This is another low cost re-work program that will help Nitro achieve higher net production from its existing asset base for a relatively small investment."