Dixie Energy Trust has drilled and completed two horizontal oil wells ("Holliman #1" and "Holliman #2") in the Maple Branch field, Mississippi. Dixie anticipates bringing both wells on production in the coming weeks.

"We are encouraged by the drilling results of both wells," said Rick Fletcher , chief executive officer of Dixie. "This region has a long history of oil and gas production from vertical wells and we are excited about opportunity to apply horizontal drilling technology to create economic value for our shareholders and the community."

Dixie owns a 15% working interest in Holliman #1 and a 20% interest in Holliman #2.

Tags: Dixie Energy Trust