US based energy company Osyka Corp, through its wholly owned subsidiary Osyka Permian, has acquired Una West Field in Victoria County, Texas.
The company said that it is in negotiations with a natural gas pipeline company to tie in the gas well to its nearby sales line while the other shut-in wells in the field are being evaluated for potential workovers to restore oil production.
The company anticipates that the existing production could double from this field within 45 days.
Osyka founder and CEO Michael Harness said that the field appears to have upside gas potential in a shut-in well.
Currently, the company has an interest in approximately 30 wells in Texas and Mississippi, with an average working interest of 70%.