Finally, Mr. Reid stated, "I am very pleased with the well as it is which will produce approximately $11,000 per day net of royalties, or more than $4 million per year, at the current level of production."Mr. Reid added, "Treaty feels that the original estimated levels of production after re-completion were likely underestimated by a considerable amount and will complete that portion of this project once the well can be safely re-entered. Further progress on this well and others to be reworked or newly drilled on our new leases in Shelby County Texas will be released as developments occur."
Treaty Energy Corporation Announced Its Madeley Well Is In Production Of Oil And Natural Gas
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