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Wright Drilling Spins Bit at Third MidContinent Well; Seeks Partner
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Wright Drilling & Exploration, Inc. completed drilling its third well in recent weeks with positive shows of oil. Wright Drilling’s geologists deem it to be a productive well with two pay-zones and is proceeding to the completion phase. The oil well project is located in Pottawatomie County, OK., west and southwest of Shawnee, OK.
Wright Drilling & Exploration spudded the well on October 3, 2016 and achieved total depth on October 13, 2016. Electric log evaluations and core sample assessments taken from the wellbore confirmed the presence of multiple hydrocarbon bearing zones.
The Hillerman #1 is an off-set oil well adjacent to existing oil-producing wells with multiple stacked pay-zones. Based on geological surveys, electronic logs, soil sampling and statistical studies of other oil producing wells in the area, Wright Drilling & Exploration’s assessments were correct and believes the well will offer solid returns and long lasting production of recoverable oil and natural gas.
Wright says he has other active projects and is seeking additional partners for new projects to continue the company’s growth trend of one new project a month.
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