Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary. The Company's operations are based in the United States.
Floyd Smith, President and CEO of Petron Energy II, Inc., states, "We are very pleased with the production results of the Edwards leases; we have implemented 20% of our secondary recovery plan for the Edwards leases which involves reworking and re-pressurizing wells in the Wilcox and Dutcher pay zones. We believe as we continue to rework wells in the Wilcox and Dutcher zones we should realize further production improvements." The company stated in its previous press release that it had a total of 18 leases to equip for secondary recovery operations.