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EnerJex Resources provides operational and strategic updates


Published Jul 16, 2013
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Enerjex Resources provides operations update

EnerJex Resources, Inc. announced the following updates:

Recognition by The Independent Oil & Gas Service, Inc. EnerJex was ranked as one of the most active operators in the state of Kansas during 2012 by The Independent Oil & Gas Service, Inc. The Company's operating subsidiary, EnerJex Kansas, was ranked #21 with total footage of 130,758 for wells spudded during the year. Including the company's majority owned non-operated assets; EnerJex believes it would have ranked approximately #10 in the state of Kansas with combined total footage of approximately 220,000 for wells spudded during the year.

Operations Update The Company's drilling pace accelerated in the second quarter during which it drilled 16 new oil wells and 16 new secondary recovery water injection wells in Kansas. EnerJex's drilling activities continue to increase, and it is actively drilling new wells in its Mississippian and Cherokee projects. The Company believes it has further de-risked and added to its drilling inventory in both projects, where recent results appear to be exceptional.

Tags: EnerJex Resources




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