DENVER, Jan. 29, 2019 /PRNewswire/ -- Allied Resource Partners, an independent Oil & Gas company headquartered in Denver, CO, announced that its well drilled in Galveston County, TX, the # 1 Sun Fee, produced 39 BOPD during its Initial Production Test on Nov 28th, 2018.
The # 1 Sun Fee is the first well Allied Resource Partners has completed on its lease. Drilled to TD of 4500 feet, the # 1 Sun Fee targets the Miocene Sands formation.
Allied President Rich Tabaka stated, "We are excited about completing the # 1 Sun Fee and developing additional wells on our lease as oil prices continue climbing. The cash flow projections at current price levels should please our investors and continue to attract additional investors."
Allied has 18 oil and gas development projects located in Texas and Kansas. For more information on these and other projects, please view Allied Resource Partners website www.alliedresourcepartners.com or contact Kelsy Silvio at 303.728.9923
About Allied Resource Partners
America's revitalized onshore oil patch is the acknowledged leader for developing and using the latest technology and operating methods to find and produce oil that our nation needs. But most of the independent oil & gas companies are stuck in the past when it comes to developing and presenting limited partnership investment opportunities to accredited investors who are seeking tax-advantaged and high return alternatives to traditional investments.
Allied is "leading the way" for accredited investors to own real assets that strengthen America's energy independence and diversify their portfolios.
Director of Business Operations
Allied Resource Partners
SOURCE Allied Resource Partners