Business News
Sonoran Energy Provides Operational Update
2008-07-21 11:07:00
Sonoran Energy Provides Operational Update
Progress on KWB Field Redevelopment
DALLAS, July 21 /EMWNews/ -- Sonoran Energy, Inc. (OTC
Pink Sheets: SNRN), the independent oil and gas exploration and production
company, today announced it has successfully completed the latest phase in
its Central Texas KWB work program. The program involves the re-entry,
re-activation, and re-completion of wells in the Company's KWB field in Tom
Green County in Central Texas.
Ralph Watkins, Sonoran Energy's COO commented: "Following our most
recent work, the field rate has been raised to over 600 thousand cubic feet
of LNG-rich gas (MCF) and 9 barrels of associated condensate per day. Work
continues with two rigs operating and hydraulic fracture stimulations
already planned on three recently re-completed wells. I am encouraged that
our most recent shallow gas re-completion flowed naturally at a rate of 250
MCF/D, and shut-in with a pressure of over 1,800 psi. With numerous
offsetting candidate wells, this recent success bodes well for our future
work in the field."
Peter Rosenthal, Sonoran Energy CEO commented: "We are very pleased
with this result. It proves that we have a good methodology in place and we
intend to continue this program of re-completions over the weeks and months
to come. The fact that we can re-complete existing wells rather than
drilling new wells, makes this project especially attractive from an
economic viewpoint. We have a large inventory of wells to work on in Tom
Green County."
Re-completions focus primarily on the Canyon and Cisco sands, plus at
least three additional horizons for which testing is planned. With a
significant inventory of available well-bores, Sonoran's program of
infrastructure expansion, re-completion, well stimulation, and
de-liquification enhancement offers significant opportunities ahead.
While our success in West Texas represents a significant step forward
for Sonoran, it is critical for shareholder value creation that we extract
value from our Louisiana assets. We plan to step up our work there in the
very near future.
About Sonoran Energy, Inc.
Sonoran Energy is a US-based independent oil and gas company that
explores, develops, and enhances the performance of high value oil and gas
opportunities. With a focus on health, safety and the environment, Sonoran
Energy leverages its innovative organizational alignment model with leading
technical partners.
For more information contact:
Investor Relations
Dana Johnston
Taylor Rafferty
Tel: (212) 889-4350
Email: [email protected]
This news release may contain forward-looking statements that are
subject to certain risks and uncertainties that may cause actual results to
differ materially from those projected on the basis of such forward-looking
statements. Such forward-looking statements are made based upon
management's beliefs, as well as assumptions made by, and information
currently available to, management pursuant to the "safe-harbor" provisions
of the Private Securities Litigation Reform Act of 1995.
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