Baron Energy, Inc. declared that production at its Texas Panhandle project reached a new high in October. Additional reactivation and production enhancement work will be implemented to further increase and stabilize production.
Ronnie L. Steinocher, President and CEO, said, "We have achieved the production targets originally set for this project. We now have 20 oil wells on production and at least another 20 in inventory to be reactivated. In October we hit a new high of 30 BOPD and 30 MCFPD. We plan to bring an additional 1-3 wells on-stream per month and continue to increase production monthly for at least the next 6 months."
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Baron Energy
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