Dallas, TX, June 02, 2008 --(PR.com
)-- Dolberry Oil and Gas completed a remedial work over in the upper Caddo Porosity in its well in Meredith Ranch Boulder #1. The well was enhanced from producing an average of 8 barrels per day to 38 barrels per day. Its rate of production is expected to settle at approximately 16 barrels per day.
“When we got involved with this opportunity, our analysis made it clear that a remedial work over via re-accidation of this well would increase production,” commented Gary Dolberry
, President of Dolberry Oil and Gas, Inc.
The well at Meredith Ranch Boulder #1 in Young County, Texas, was originally drilled 1988. In April of 2006 a reentry was initiated to bring the well back into production.
“The technology for analyzing, reentering, and recovering oil wells has drastically changed the landscape of opportunity for domestic oil production in this country,” commented Gary Dolberry. “Boulder #1 is a classic example of an oil well capable of producing oil after a remedial work over.”
Dolberry Oil & Gas Inc. is a privately held oil and gas holding company that specializes in the identification, acquisition, drilling, development, and operational management of oil and gas properties in the United States.