Richfield Oil & Gas Completes Frac and Begins Flow Back of Liberty #1 Well
SALT LAKE CITY, April 30, 2014 /PRNewswire/ -- Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), an independent exploration and production company announces that Halliburton performed a frac on the Liberty #1 well, located in Juab County, Utah, on April 18th. The well behaved as if it had excellent permeability. FMC Technologies has been managing the flow back. We have recovered all liquids from the frac, and some mud filtrate from when the well was originally drilled. These liquids have been accompanied by condensate, which we are very pleased to see this early in the flow back. Samples have been sent to a lab for analysis. We are continuing to flow back the well.
About Richfield Oil & Gas Company
Richfield is an independent exploration and production company headquartered in Salt Lake City, Utah with substantially all of its current producing assets located in Kansas, with potential high impact leases in Utah, and Wyoming. Founded in April 2011 by seasoned industry executives, Richfield is dedicated to exploiting its asset base and to growing organically through the exploitation and development of its existing field inventory by the use of drilling, workover, recompletion and other lower-risk development projects, in order to increase proved reserves and production.
Please visit www.richfieldoilandgas.com for additional information.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the risks as identified in our annual report on Form 10-K for the year ended December 31, 2012, as filed with the Securities and Exchange Commission, and all subsequent filings.
All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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SOURCE Richfield Oil & Gas Company