Coming off of the success of the company's first Oklahoma well, Aresco is very pleased with what this second well is shaping up to be.
Dallas, Texas (PRWEB) March 29, 2016
Aresco LP, a Dallas-based energy exploration and production company, today announced that it has successfully logged another significant section of Hunton Limestone pay in a newly drilled vertical well in McClain County, Oklahoma. Aresco made their entrance into Oklahoma last year when joining its lead operating partner and other capital partners to drill a vertical well also targeting the Hunton Limestone on a 160-acre prospect located on the eastern edge of the Cherokee Platform.
“Coming off of the success of our first Oklahoma well that’s now in production, we are very pleased with what this second well is shaping up to be. With a larger amount of potential pay logged, combined with a few other key characteristics, we are looking for this second well’s results to exceed the first,” said Brandon Laxton, President and Founder of Aresco LP and Aresco Operating. “All told, we believe total combined production from the two Hunton Lime wells could be upwards of 400,000 barrels of oil, which represents a significant reserve discovery to add to our existing portfolio of producing properties.”
The completion phase is currently underway with the well scheduled to test up to 84’ feet of the Hunton Lime later this week.
About Aresco LP
Aresco LP is a privately held Dallas-based exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas, Oklahoma, New Mexico, Louisiana, and the entire Gulf Coast region. The company specializes in production-driven projects designed to provide income stability and strong growth potential. Aresco’s asset portfolio provides a strong balance of ownership positions in rapidly developing conventional formations and development projects in proven oilfields with decades of active drilling and production. To learn more, please visit http://www.arescotx.com.