Industry News - E&P Hotline - Royal Energy's second well drilled in two-well project Royal Energy's second well drilled in two-well project by: OilOnline Monday, June 16, 2008
Royal Energy Resources, Inc. announced that the initial natural gas flow rate on its Washington County, Oklahoma well project exceeded 500,000 cubic feet of natural gas and 10 barrels of oil per day. This represents the second of a two-well project in Washington County, Oklahoma intended to increase the proven reserves and profitability of the company. Royal Energy owns a 25% working interest in both the well and second developmental wells.
Jacob Roth, CEO of Royal Energy stated, "We are pleased with the initial results of both test wells and expect to participate in an additional 8 wells in the area over the next 6 months. We expect both wells that have been drilled to be online and producing revenue for the company by July 1, 2008."
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