Dallas, TX (PRWEB) August 28, 2008
Dolberry Oil and Gas announced today that its completion attempt for Brazos River Pucket Project #1 in Stephens County, Texs, was completed successfully. The company estimates that once the well is equipped for production it will be producing at a rate of 9 barrels per hour. This much anticipated good news came after Dolberry Oil and Gas' July 9 completion attempt through the Mississippi ended with negative results.
"We new the drill had potential in multiple formations so we started deep and came back up to the Conglomerate formation when we failed in the upper Mississippi," commented Gary Dolberry, President of Dolberry Oil and Gas.
Dolberry Oil and Gas utilized Radio Metrics or R3M technology to analyze the potential of the Brazos River Pucket site. Radio Metrics technology combines a ground reading tool with satellite imagery and processes it through complex algorithms for more accurate depth analysis. This technology has helped the company to more accurately analyze both new drill opportunities as well as existing wells in need of Enhanced Oil Recovery techniques.
"Dolberry Oil and Gas has standardized on Radio Metrics over the past two years due to its accuracy at multiple levels on multiple wells in different regions of the state. I was a little perplexed when we had no show of oil in the upper Mississippi," commented Gary Dolberry. "However our technology gave us all of the confidence that coming up to the Conglomerate formation would be successful for us."
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.