During a four-year period ending in 1989 the shut-in well
flowed 540,000 barrels of sweet 41 degree gravity crude.
1500 acre site with 20 shut-in wells
and potential to drill 200 new wells.
Glen Harrod, Vice President of KROG stated, "We feel there are opportunities to enhance production through optimization of the existing producing wells, and re-establishing production from the shut-in wells
through repairs of the submersible pumps and enhancement and expansion of the existing salt water disposal system.
Joseph D'Arrigo, Chief Executive Officer of Native American Energy Group, stated, "The Company now has approximately 5 million barrels of oil in reserves, a substantial number of shut-in wells
, already, and Bakken exposure.
PRB plans to improve production by bringing shut-in wells
back to a productive status.
The acquisition of oil and gas properties with shut-in wells
and leaseholds that were prematurely abandoned, that directly offset by producing wells, provide Avalon an opportunity to use advanced technologies to re-establish production, and generate stable cash flows with a high rate of return on invested capital.
Regarding the shut-in wells
at the Southern Illinois Basin Project, Azlein said, "In order to maximize our acreage rights under the original lease, we shut in 17 wells in late March 2006.
183 acre site with 4 wells producing 5 Barrells Per Day(BPD), 1 injection well and 5 shut-in wells
These wells consist of 77 productive wells, 17 shut-in wells
and 13 wells that have been drilled but are not in production, including seven test wells.
Crown Exploration, Avalon's Joint Venture Operator, contracted with China Black Oil Well Services to re-work, replace existing pipe, and evaluate 120 existing shut-in wells
on the leasehold.
NGS also owns a 100% working interest in approximately 140 producing wells and 100 shut-in wells
in the Tullos Urania and nearby fields in central Louisiana that have produced over 50 million barrels of oil since discovery in the 1920's.
NGS expects to add substantial recoverable reserves by returning to production most, if not all, of the shut-in wells
and by installation of additional water injection capacity.