OKFUSKEE COUNTY, Okla., June 14, 2017 /PRNewswire/ -- Wright Drilling & Exploration, Inc. completed drilling and testing their JULIE #2 project today and announced their successful results of positive oil shows in multiple pay-zones. Wright Drilling's petroleum geologist deems JULIE #2 to be a productive well and recommended proceeding into its completion phase. JULIE #2 is a direct-offset well to Wright Drilling's JULIE #1 located in Okfuskee County, which is producing both oil and gas from just one of its multiple pay-zones.
"We're excited that our partners are developing oil fields with us and taking advantage of direct-offset drilling opportunities," said Scott M. Casper, President of Wright Drilling & Exploration. "Drilling new wells based on your own successful oil and gas well data is just another way to potentially improve your end results."
Casper added that their strategy of having new oil/gas leases located near existing oil production (along with acreage options for expansion) is paying off for both them and their partners.
JULIE #2 is Wright Drilling and Exploration's sixth successful drilling project in Oklahoma, and their entire oil production portfolio consists of nine producing oil wells across the states of Oklahoma, Texas and Kansas.
For more news on Wright Drilling & Exploration, Inc., visit https://wrightdrilling.com/category/news.
Wright Drilling & Exploration, Inc. is an emergent North Texas-based oil and gas exploration investment company specializing in creating Limited Liability Companies for direct participation drilling and exploration ventures for accredited investors. Oil and natural gas investments can provide tremendous tax benefits to its investors.
Visit WrightDrilling.com for more information.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wright-drilling--exploration-successfully-drills-their-sixth-oklahoma-oil-well-project-300474244.html
SOURCE Wright Drilling & Exploration, Inc.