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Pilgrim Petroleum announces commencement of program to re-enter, rework 23 wells on Meldon white property


Published Jun 23, 2006
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Pilgrim Petroleum Corporation, an independent oil and gas company, announced today the commencement of a program to re-enter and rework 23 wells previously shut in on its Meldon White property, located in Archer County, Texas.

These wells, originally drilled by Tillman Oil Company will be re-opened to add to the production of approximately 1800 barrels per month from the wells on this lease that have been previously drilled.

The company hopes to reestablish production at the rate of 5 wells per month and anticipates production of 4 to 7 barrels of oil per day from each well. This would add at least 250 barrels per day when the project is completed, or 7500 barrels per month. However this figure will not include new wells to be drilled in the same area.




   

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