Located on the Reynolds lease, this Reynolds No. 2 well was drilled and completed in 1990 to a depth of about 450′ with production occurring from the Blue Laural formation.
The company said it will replace the wellhead, install new 2 3/8" tubing down-hole, and replace the above ground completion components prior to placing this well into production.
US Natural Gas Corp’s Reynolds No. 1 well, also located on the same leasehold, now produces on average three quarters to one barrel of oil daily.
The projected annual combined production from these two wells is in excess of 500 barrels of oil, the company said.
US Natural Gas Corp’s current operations are concentrated in the Appalachian Basin within the US states of Kentucky and West Virginia.
