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First Titan Corp. has reported the Minns #3, one of the wells in its new asset package in Waller County, Texas, has recently been returned to production after being reworked by the operator.
Bringing another oil well on production is good news for FTTN, which is working to expand its well count in Texas, the South and the Midwest. The Minns #3 is part of the Minns multi-well asset package located in the Brookshire Field, which the company acquired an interest in earlier this month.
Increasing global demand for oil as well as innovations in drilling technology has turned Texas’ once-sluggish oil industry into a booming success, and FTTN is working hard to capitalize. In addition to its recently acquired assets in Waller County and its legacy assets in Terrell County, FTTN is in negotiations to acquire a working interest in proven reserves in Hardin and Webb Counties, Texas.
The company plans to announce more new additions to its asset portfolio in the coming months.