Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/richfield-oil-gas-begins-work-on-rocky-mountain-pr.shtmlRichfield Oil & Gas begins work on Rocky Mountain properties
Richfield Oil & Gas Company has begun completion of the Wasatch
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Richfield Oil & Gas Company has begun completion of the Wasatch National Forest #16-15 Well in Uinta County, Wyoming. The well and the acreage were acquired by the Company in December of 2012. Development work on the well site and Mechanical Integrity Testing of the well was completed in October of 2012 prior to the closing of the acquisition. The well is expected to be put into production in April 2013. The Company owns an 80% working interest and a 62.4% net revenue interest in the well and a 100% working interest and a 78% net revenue interest in the surrounding acreage.
Douglas C. Hewitt, Sr. , Chairman and CEO of Richfield stated, "We are excited to begin the first phase of our Rocky Mountain activities. These operations add to the Company's cash flow which will help Richfield to continue to develop our Kansas properties and ramp up our Central Utah plans."
