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SOURCE: RyHolland Fielder, Inc.
Oilfield finder Ron Walblay drilled the Snyder Seales #31 oil well, which came in initially flowing 4 BBLS per hour, or 96 BBLS of oil per day
Fort Lauderdale, Florida (PRWEB) December 31, 2012
Ron Walblay, founder & CEO. of Oilfieldfinder Inc., recently drilled the Snyder Seales #31 oil well on the Snyder Seales Ranch in West Texas, Callahan County. He drilled into the upper hope sands and discovered that 8 ft into the upper hope sands was at 25% porosity. The well had live oil showing in the pit. In comparison, the older #23 well had approximately 40 units of gas pressure, and this well had almost 3X Times the amount of gas pressure at 110 units of gas under heavy drilling mud.
He left the upper hope sands for later date production, and then continued to drill approximately 1600 feet deep and with the advice from the production manager, drilled into the top of the king sands formation approximately 7 feet deep into the pay zone and set production casing. The best way to drill the king sands wells are to stop the drilling in the upper part of the zone to avoid salt water below. The King sands came in at an even higher porosity and gas pressure than expected. This particular oil well came in initially flowing 96 barrels per day, and has shown samples that are reading 98% pure crude.
Ron took all the risk in drilling this oil well, and he didn't know it was going to produce, but before he decided to drill this well he called two of his most loyal investors and decided to gift them--approximately 10% of the production respectively no matter what the outcome was. He did this because they have believed in him and been loyal investors. The next wells that are to be drilled for the Texas Permian Basin Oil L.L.L.P. partnership will possibly be offsetting the #31. Ron believes the key to the #31 well's success was due to drilling on the higher structure of the northwest side of the lease. Oilfieldfinder is requesting that if anyone would like to become a direct participant in the new program to drill 7 new oil wells--to call at 754-200-6969, or register on the website: Oilfieldfinder.com.
Ron will provide details and updates about the Snyder Seales #31 location and the new Oil well locations that have been staked for the latest program. Oilfieldfinder Inc., is in the business of drilling for oil. The time for talk is over. The drilling has begun. New Investors may request information by registering now at Oilfieldfinder.com
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