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Friendly Energy to expand South Texas operations


Published Mar 6, 2012
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Friendly Energy development drilling program contracted

Friendly Energy Exploration is expanding operations into the South Texas region.

Doug Tallant, President of Friendly Energy stated, "Continuing in line with the company's focus, we have researched other opportunities within Texas. We are fortunate to have acquired additional leases in San Patricio County with existing wells on them which are producing at this time and also offer opportunities at shallow depths to test additional formations. These coupled with leases we are currently negotiating in an adjacent county and expect to acquire will greatly increase the outreach of Friendly in Texas."

Rick Hutchins, COO elaborated further stating, "The San Patricio leases right now are producing mostly gas. Reworking some of them may increase current production, but more importantly, there are additional formation zones at less than 3,000 feet which logs indicate may be oil producing. The sand formation is a prolific producer in the area, and the company will be closely researching these areas to determine additional production opportunities."

Tags: Friendly Energy Exploration




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