Independence Energy Corp. report that significant production and water handling upgrades have been completed at the Quinlan Lease oil property in Oklahoma. The completed upgrades include the installation of a new coated casing at the Quinlan #1 well, the connection of a high capacity submersible pump at Quinlan #3, and other overall site improvements.
"Now that a larger variable speed submersible pump is online at Quinlan # 3, project operators plan to optimize oil and water production levels to maximize the long-term return on investment potential of the well," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "At the Quinlan #1 well, the new coated casing and other essential repairs made to the original well completion are also expected to significantly improve production levels and well reliability. Based on the history of the Quinlan wells and other wells in the area, we anticipate that the improved Quinlan Lease property will generate consistent income for the Company for many years."