True North Energy Wins Interest in Woodford Shale

Source: www.gulfoilandgas.com 9/18/2014, Location: North America

True North Energy Corporation is pleased to announce it received $50,000 in new funding. Through its newly established wholly-owned subsidiary, TN Energy, Inc. (the anticipated establishment of which was described in a previous press release) has won an auction and acquired a 0.051416% royalty interest in the producing wellbore of the K Farm 9-18N-1W #1WH located in Section 9-T18N-R1W, Payne County, Oklahoma. Operated by Devon Energy Corporation of Oklahoma City, Oklahoma. Over the past five (5) months, the well has produced an average of approximately 116 barrels of oil per day (BOPD) and 308,000 cubic feet per day of natural gas (MCFPD).


Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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