Overland Park, KS (PRWEB) February 28, 2008
Sterling Energy Resources, Inc. (SGER:pk), announced today the acquisition of the Brown & Thorp Waterflood Unit located in Pecos County, Texas. The 2,140 acre unit currently produces 110 BOPD from 29 producing wells and 13 injection wells. Oil production is from the Clearfork formation at 3,400'. Proved developed reserves are estimated at 1,400,000 BO. An additional 25 drilling locations have been identified within the unit along with numerous rework and recompletion opportunities on the existing wells. Sterling Energy is the unit operator and holds a 100% working interest share in the unit.
About Sterling Energy Resources, Inc. (SGER.PK)
Sterling Energy Resources, Inc., http://www.sterlingenergyresources.com, is a growth oriented energy company engaged in the exploration, development, production, and acquisition of oil and natural gas in the continental United States. Sterling Energy is headquartered in Overland Park, Kansas and has an administrative office in San Diego, California.
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