The Coleman Crouch lease covers 54 acres and previously had a productive well on the property until being shut years ago.
Treaty Energy currently has three wells at various stages of either completion or re-entry on its Tennessee leases. The company’s first well to strike oil in Tennessee was the Robin Moody #1 well. This well has been completed and has been tested using a gas powered motor drive to the pump jack.
During testing, the well produced pure oil with no water, and Treaty Energy’s operator estimates that this well will produce between 10 barrels and 15 barrels per day prior to possible chemical treatment of the well. Electrical power to the well has been staked and final installation of electrical awaits the power company’s installation crew.
Treaty Energy plans to start drilling additional new wells on its Tennessee leases after completion of three re-entry wells. With the two leases acquired over the last couple of weeks, Treaty can expect to drill up to 40 new wells as reserves are proven up on each new well.
