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Dallas TX, August 9, 2017: United Oil & Gas Corp is pleased to announce the acquisition of additional oil leases adjacent to its Hilltop Field in Shackelford County, Texas.
This more than doubles the size of the current Hilltop Field. The leases consist of 9 oil wells and the company plans to re-establish production in 4-6 wells and evaluate further development.
The excess water from the production of the wells will be used to support the engineered waterflood on the southern part of the field. Initial production from this lease can be expected as early as October 2017.
We are commited to developing the Project in an environmentally responsible manner.