ST. PETERSBURG, Fla., March 8, 2011 /PRNewswire/ -- US Natural Gas Corp (OTCQB: UNGS), an energy exploration company with operations in the Appalachian Basin is pleased to announce that the Butler Davis 9s well located in Wayne County, West Virginia has been placed into production.
Through the Company's wholly owned subsidiary, US Natural Gas Corp WV, all completion work has been fulfilled on the Butler Davis 9s well. Drilling was completed on the well in July 2007 to a depth of 5188 ft. Initial open flow data upon completion of drilling showed production rates of 200-400 MCF/D differing on producing formations. In recent months, the company completed the installation of a choke directly off of the wellhead to better control flow volumes. In addition, a one vessel hydrogen sulfide treatment facility utilizing 2000 lbs of SulfaTreat HP was installed directly at the junction with the gathering system. Current wellbore pressure at a 20% delivery rate is approximately 500 psi.
"We are pleased to have completed and placed into production one of the deep wells we acquired in the Wilon Resources acquisition in 2010," stated Wayne Anderson, President of US Natural Gas Corp. "During the remainder of 2011, we will continue to place the remaining wells into production in an effort to increase the Company's daily gas production."
About US Natural Gas Corp
US Natural Gas Corp is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia with core assets consisting of 17,000 acres of mineral rights leases and interest in approximately 150 oil and gas wells. www.usnatgascorp.com
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009.
SOURCE US Natural Gas Corp