Petron Energy II, Inc. says that on July 1, 2014 the Company has returned its Texas wells back to full production and projected Texas production should add an additional 8-10 barrels of oil per day. As of Thursday morning the company is reporting that its Texas daily oil production is 15 barrels of oil per day. Additionally, Petron Energy II, Inc. has roughly 450 barrels of oil in its gathering tanks expected to sell next week.
Floyd Smith, President and CEO of Petron Energy II, Inc., states, "This production is better than we projected, we believe that we may be able to enhance our daily barrel rates more in Texas by performing acid treatments on our Texas wells. We plan to move ahead with those treatments very soon."