Freedom Oil and Gas Eyes Shale Formation Wells in Texas
[Click image to enlarge]
Freedom Oil and Gas has secured a 100 percent working interest in 9,300 net acres in Dimmit County, Texas for developing Eagle Ford shale formation wells.
The Eagle Ford was one of the most actively drilled targets for unconventional oil and gas in the U.S. in 2010.
Drilling activity in the area dropped subsequently, but is expected to rise in 2017.
Freedom Oil and Gas is working towards leasing additional adjacent acreage to achieve its goal of capturing over 10,000 acres in the county.
In preparation for drilling, Freedom has broken ground on the site to be used for the drilling of the first two horizontal wells.
The drilling pad and road are expected to take about two weeks to build.
Also under construction is the water supply and associated equipment that will be used for the drilling and hydraulic fracturing of these first two wells.
The drilling contractor is expected to begin drilling the wells for Freedom following the completion of the drilling program for a nearby operator that is now expected to be finalized in early May.
Source: (April 6, 2017) Proactive Investors
About Freedom Oil and Gas
Freedom Oil and Gas is listed on the Australian Securities Exchange.
To stop by Freedom’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
