DALLAS, May 12, 2016 /PRNewswire/ -- Alliance Petroleum Interests is proud to announce its further development in the company's South Texas Acreage Plays. The company has drilled and completed 4 wells and will drill 4 more in the next two weeks. Alliance Petroleum has been extremely pleased with the findings and results of the first group of wells and is rolling out the company's third phase of development. It will consist of 4 similar wells to the first eight with similar expectations and geology make up with multiple target formations.
Alliance Petroleum Interests will continue to focus on shallow low risk, developmental drilling. It is necessary to drill as many wells as possible this year to take advantage of low drilling costs. Because of the aggressive ramp up on drilling projections, Alliance Petroleum Interests is seeking to expand their investor network. President, Taylor Stilovich and CEO, Tara Simpson have targeted to drill as many as 20-40 wells by the end of the year.
They are currently accepting enquiries from qualified parties who would like to understand more about whether this type of investment meshes well with their current investment portfolio.
At Alliance Petroleum Interests, the focus is placed on state of art drilling and completion techniques that increase production in the field. This is a very crucial aspect of the business. Alliance Petroleum Interests actively participates in each program that is drilled and employs petroleum experts to evaluate the best locations and recovery mechanisms for each well.
Once the capital is committed, the drilling rig is scheduled. During the drilling, all partners have access to all drilling reports, analysis and updates through several channels including the website's Partner Portal. Once the wells are drilled and tested, the determination is made as to whether or not the wells have production potential. Assuming the wells do, they are completed. Once the proper completion processes are performed, the oil is then pumped and stored in tanks and sold to the purchaser. Under the leadership of Taylor Stilovich and Tara Simpson, Alliance Petroleum Interests strives to continuously foster a professional and transparent relationship with all.
For more information on our current projects and resources on oil and gas investments, please visit http://www.alliancepetro.com or contact us:
Alliance Petroleum Interests
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SOURCE Alliance Petroleum Interests