Gulf Oil and Gas accountACCOUNT

Reabold Provides Update on Monroe Swell Workover Program

Source: www.gulfoilandgas.com 8/28/2018, Location: North America

Reabold is pleased to announce that Integrity Management Solutions ("Integrity"), contract operator of the Company's California investments, has informed the Company that the four wells that were successfully worked over at Monroe Swell, in which Reabold has a 50% equity interest, have now all been put onto production. Integrity estimates a gross production rate of 70 barrels of oil per day, in line with previous expectations.

Sachin Oza, co-CEO, commented:

"We are delighted with the success we have had with the Monroe Swell workover programme. Given the limited capital required to deliver this first production, these should prove to be extremely profitable barrels, delivering immediate cashflow."

Stephen Williams, co-CEO, commented:

"As well as expecting the workover programme to deliver extremely attractive economics in its own right, we are also very pleased that the subsequent drilling programme at Monroe Swell, targeting more substantial volumes and production rates, has been notably de-risked by this early success. In the meantime, drilling of VG-3 at West Brentwood is on track and we look forward to updating the market on its results shortly."

Production News in United States >>

China >>  5/22/2020 - CNOOC Limited (CNU) announced that Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project has commenced production.

...

Italy >>  5/22/2020 - Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce its audited annual results for the year ended 31 December 2019. ...

Norway >>  5/22/2020 - His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, paid tribute to the hist...
United Kingdom >>  5/21/2020 - Strong production supports full year 2020 guidance with forecast free cash flow breakeven unchanged at c.$33/Boe. ...

Brazil >>  5/20/2020 - Petrobras informs that the Parque das Baleias Area reached today the mark of 1 billion barrels of oil produced. The Parque das Baleias Area is formed...
Norway >>  5/20/2020 - Preliminary production figures for April 2020 show an average daily production of 2 117 000 barrels of oil, NGL and condensate, which is a decrease of...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 |

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.