Western Global Oil Pledges to Acquire Wells in Kingfisher County, Oklahoma
KINGFISHER, Okla., December 5, 2017 (Newswire.com) - Western Global Oil, has pledged to purchase 18 wells in Kingfisher County, Oklahoma. The Payne, Woods and Kay Counties, also carry potential wells for Western Global Oil's future. These counties, which inhabit 34 wells, produce 658 BOPD (barrels of production per day) and all wells are less than six years old. The company spokesman Brooke Thompson states, "The company has studied and calculated for future growth on multiple properties. We feel the potential for producing income on these properties will continue to grow for the next 20 years and beyond."
Arkoma and Anadarko Basins, which hold large amounts of oil and gas, are the main focus of Western Global Oil. Basins like Granite Wash, Cana Woodford, Mississippian, Hunton, Springer, Stack, and Scoop, have also been taken into consideration. When it comes to potential opportunities, nothing is left without intricate examination. Future purchases include a wide variety of properties with production as low as 5 BOPD, and acreage as low as 200 acres. However, Western Global Oil always inspects property that has multiple wells and acreage. In this process, Oklahoma continues to provide some of the most lucrative opportunities. The main focus is finding reliable properties and providing for our potential capital partners.
Our goal is to generate maximum cash flow after acquiring and managing oil and gas properties. Additionally, Western Global Oil will capitalize on current producing conventional oil and gas assets in the Mid-Continent oil field. Our number one priority, is providing stability and long-term growth for our capital partners and employees.
If you have any questions please go to our website and fill out a contact form we will gladly get back to you as soon as possible. www.westernglobaloil.com
Source: Western Global Oil