Wright Drilling & Exploration Successfully Purchases Existing Oil Production With Extra Benefits

Press Release updated: Oct 27, 2017 17:59 CDT

Wright Drilling & Exploration, Inc. recently purchased two existing oil wells (MARIAN #1 and PETTIGREW #1) conveniently located in the middle of their two currently expanding oil fields.

“The MARIAN #1 and PETTIGREW #1 not only have current oil production, but they also benefit both our adjacent oil fields with saltwater disposal and flooding features, as well as gaining Wright Drilling additional lease acreage,” said Michael W. Wright, Chairman and CEO of Wright Drilling & Exploration. “In a few months from now, we shall have as many as ten producing oil wells in the same area. This not only shows our new partners how we successfully drill new wells, but also shows that we can take those new wells to the next level with increased oil production through various saltwater enhancing methods.”

The “JULIE Oil Field”, located North/Northeast of the MARIAN #1 and PETTIGREW #1, will now have a dedicated saltwater disposal system allowing each JULIE well to increase its oil production with a much lower cost for saltwater disposal.

The “LOMA LINDA Oil Field”, located West/Southwest of the MARIAN #1 and PETTIGREW #1, will soon have a water flooding feature running below its current producing oil zone(s) to increase the oil and natural gas production in each of the LOMA LINDA wells at no additional cost to its partners.

Wright added that Wright Drilling & Exploration now has a dozen productive oil well locations and over 10,000 acres under lease across the states of Oklahoma, Kansas, and Texas.

For more news on Wright Drilling & Exploration, Inc., visit https://wrightdrilling.com/wright-drilling-successfully-purchases-oil-production-with-extra-benefits.

Wright Drilling & Exploration, Inc. is an emergent North Texas-based oil and gas exploration company specializing in creating Limited Liability Companies for direct participation drilling and exploration ventures for accredited partners. Oil and natural gas projects can provide tremendous tax benefits to its partners.

Visit WrightDrilling.com for more information.

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Source: Wright Drilling & Exploration, Inc.

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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