TennStar Energy Inc. has announced it has acquired a stake in 21 Well Lease in Caldwell County. The EOR21, JV is a 21 well enhanced oil recovery project located in Caldwell County, Texas. 21 of the wells are proven productive vertical oil wells. 6 of the wells are currently producing oil on a daily basis. The remaining wells require remedial work up to and including acid treatment and/or hydraulic water fracture stimulation as part of the proposed EOR operations, and 2 of these wells will be selected for injection wells to re-pressurise the formation.
TennStar Energy, Inc. is engaged in the oil and gas business, with operations located primarily in the states of Oklahoma, Texas, and Kansas. The company's strategic focus is the production of oil and natural gas, lease development, and the maximisation of recovery, thereby enhancing reserves.
JG Forrester, President, stated: "TennStar Energy, Inc. takes pride in the opportunities that we offer our partners and I'm very excited about the future with this development."
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/18012016/tennstar-energy-acquires-a-stake-in-21-well-lease-in-caldwell-county-2175/