TN-K Energy has been producing approximately 150 barrels of oil per day on its JR Clark lease in Green county, Kentucky.
Chris Headrick, president and CEO of AECo, said: “We are excited to have the opportunity to work with the TNKY team. The incredible drilling success record TNKY has achieved is representative of the experience of the team of professionals they have assembled. The involvement of Travis and Mitchell Coomer of Coomer Drilling, known to be one of the largest producers of oil in the state of Kentucky, further strengthens our belief in the production potential of the JR Clark lease.
“Our agreement calls for the completion of one new well per month for 10 successive months, with drilling on the first well to begin upon issuance of the necessary permits.”
AECo currently operates projects in both Kentucky and Tennessee. The company invests in energy projects throughout the Americas. It is currently evaluating additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.
