XR Energy, Inc. has restarted oil production on 2 of its wells after the successful completion of their phase 1 rework program.
The Company through its wholly owned operating subsidiary XR of Texas, Inc. conducted the planned re work program on their Chrane lease property located in Taylor County, Texas. The phase 1 program was a complete rework of 2 of the best candidate wells from existing wells on the lease. The rework consisted of a complete overhaul of the target wells included replacing all the tubing and rods, and installing a new down hole pump. The wells were then acid treated.
Akram Chaudhary, XR Energy's President and Chief Executive Officer, said 'We are very pleased with the results of our re-work program so far. The wells are responding favorably and we are seeing a consistent production. We will have further comment on the increased production levels after the end of our first quarter.'