Hinto Energy, Inc. announces the commencement of oil producing operations at its Mason Lakes oil field in Musselshell County, Montana.
George Harris, the Company's Chief Executive Officer, remarked, "We are extremely pleased to begin producing oil from these recently acquired wells and oil leases in Montana. After working over the field, we have been able to bring our water source, water injection and production wells on line. Initial fluids production is approximately 500 barrels per day with an oil cut of 5 to 10 percent. The Company is exploring enhancements to pumping methods to further increase fluids production."
In addition to current production, the management believes that the Mason Lake leases provide significant potential for the drilling of additional oil wells. The Company is continuing to evaluate opportunities to expand its lease holdings in the Musselshell County area.