The company has a total of 58 oil and gas wells located over 1100 acres on lease in the counties.
Petron II president and CEO Floyd L Smith said the company is hopeful that reworking these wells will increase our daily production to 30BOE per day.
"Petron II is able to control operational costs by performing all well servicing activities on company wells," Smith added.
"This is one of the ways the company believes it can create more value for its shareholders."
Petron Energy II prefers the Oklahoma market to develop and enhance proven production in existing fields and to grow the company’s asset base through new lease acquisitions and drill bit.
