United Oil & Gas Corp. Acquires 2 New Oil Leases
United Oil & Gas Corp. is pleased to announce that it has entered into an agreement to acquire the Hughes Oil Field in Jones County, TX.
The Hughes consists of two leases which both have been productive until they were shut in for maintenance. There are 6 producing wells and 2 water injection wells in place – two additional well sites and one recompletion are planned.
The planned work program will consist mainly of pump changes, circulating holes clean and acidizing perforations – it is scheduled for Q2 of 2018.
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