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Article: Hemi Energy Group, Inc. Kansas and Texas Update.
- Article from:
- Business Wire
- Article date:
- December 18, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT WORTH, Texas -- Hemi Energy Group, Inc. (Pink Sheets:HMGP):
Kansas Leases
We are seeing improved response from 53 reworked oil wells which have resumed production in October. The dewatering of the Purcell, Tebbens, Orth-Silvey, Reno and Bennett leases has yielded increased oil production, and nine of the wells are reporting improving natural gas cuts. This sets the stage for a continued increase in oil production as the gradual dewatering of the Woodson County leases, continues. Simply put, in the new wells we drilled during 2007, we noted the oil water contact point had changed from when our older mature wells were drilled and completed. The influx ...