Welling Resources Continues Permian Basin Development
FORT WORTH, Texas, Jan. 25, 2013 /PRNewswire-iReach/ -- Welling Resources is proud to announce that they are continuing in a development in Coleman County with industry partner, Balanced Energy. The SW Window (Morris) field southwest of Valera, TX has seen close to an 80% success rate of productive wells over the past year. Welling Resources has recently taken part in the field in November of 2012 with the Hawkins #1 which was completed in December of 2012. The well had a 24 hour IP (initial production) of 50 BOPD.
Deke Welling, President of Welling Resources stated, "because of the success on the Hawkins #1, we are very enthusiastic about continuing to assist Balanced Energy with development of their lease." He went on to state, "the overall development of this field has been professionally managed by Balanced and Window Operating, and we are very fortunate that they have included us in this development. We look forward to continuing our efforts and extending the trend of this field."
Welling Resources will also participate with Balanced Energy on two off-sets to the Hawkins #1 that are scheduled to be drilled in late January of this year. Welling Resources holds a small working interest position in the Hawkins #1 and the two off-sets.
About Welling Resources:
Welling Resources (the "Company") is an independent oil and gas exploration and production company based in Fort Worth, Texas. The Company is currently focusing on areas within the Permian Basin in west Texas. The Company is also a licensed and bonded operator with Texas Railroad Commission.
SOURCE Welling Resources