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Dallas TX, November 16, 2017: United Oil & Gas Corp is pleased to announce the start of oil production on the Nail Leases in Shackelford County, Texas.
Testproduction of the initial four wells has shown results above expectations and an additional series of six wells are currently being worked on. We expect the testing of these additional wells on these leases to be completed by the end of this year.
The remaining eleven wells will be tested in Q1 of 2018. After 2-3 months of steady test production, a comprehensive workover schedule proposed by the engineer will address the necessary service work for each individual well. This service work will be carried out in Q2 of 2018 and will optimize the production output.
Service work will mainly consist of pump changes, replacement of production tubing and removal of accumulated scaling downhole.
We are commited to developing the Project in an environmentally responsible manner.