As per the terms of the agreement, Petrolia Group will supply all development costs and operational expertise to the project and in exchange Green Star Energies will share the improved production revenue.
Currently, Petrolia is evaluating the fields for a thorough workover program that will consists of reworks and the bringing online of previously abandoned wells.
The California Creek project, located in North East Oklahoma, has 10 producing wells and multiple workover opportunities on three leases that cover approximately 230 gross acres with 27 current infield wells.
Petrolia Group is a privately held, licensed operator in Texas and currently operates approximately 10,300 net mineral acres, 87 wells, 31 miles of pipeline, and an in-active 23.5bcf gas storage facility in Brown and Comanche County Texas.
