WW Energy has announced the third well on the Gray Property in Texas, US, to be re-entered and completed to produce oil and gas, using the same method that is being proposed on the existing two wells.
The oil and gas production is expected to increase the output by 25%-35%. When the well was commercially producing, it produced 35 barrels of oil per day.
WW Energy intends to do an additional study on the southern New Mexico oil and gas leases that would include seismic, geological and physiological surveys to determine the feasibility of drilling a very high-risk wildcat exploratory test well.