At the time of this report oil is $90/barrel on the world market and natural gas is approx. $3.50/MCF. When feasible a natural gas contact can be obtained through industrial buyers that enhance the price paid.It is imperative that all prudent oil field operations as to drilling, completing, and operating of these wells be observed. All potential producing formations should be evaluated, not only for the presence of oil and gas but also to avoid any excess bring production. It is my opinion that with the nature of off-set drilling success rates, known production zones, relatively low cost to drill and operate, and the high price being currently paid for the end product of oil and gas, wells drilled on the Milford Lease have an excellent change of being financially successful.
Bayport International Holdings, Inc. Acquires New Interest In Two More Wells To Be Drilled In Pennsylvania
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