arrow_back All news
United Oil & Gas Corp is pleased to announce the acquisition of 5 additional oil leases in Shackelford County, Texas.
The leases consist of 21 oil wells, one water injection well and 2 drill sites. At least one well will be converted to a water supply well. The company plans to initiate secondary recovery by converting 2 existing wells to injection wells as parts of a planned, engineered waterflood. Initial production from this lease can be expected as early as November 2017.
The principal reason for waterflooding an oil reservoir is to increase the oil-production rate and, ultimately, the oil recovery. This is accomplished by “voidage replacement”—injection of water to increase the reservoir pressure to its initial level and maintain it near that pressure.
We are commited to developing the Project in an environmentally responsible manner.