Sun River Energy, Inc. announces that it commenced drilling activities on November 30, 2010, in compliance with the terms of the Devon Energy Production Company, L.P. Farmout Agreement, which Sun River announced on October 27, 2010.
Sun River Operating, Inc. permitted the Neal Heirs #1 on November 18, 2010 with the Texas Railroad Commission in District 6, Panola County, Texas. The well is permitted to 12,000 feet in the Carthage Field to test the Haynesville Shale. It is anticipated to encounter commercially productive zones in the Travis Peak and Cotton Valley geological formations.
Donal R. Schmidt, Jr., the Company's CEO and President, stated, "Sun River's Farmout with Devon called for drilling to commence no later than November 30th. When you factor in the Thanksgiving Holiday, our team worked hard to timely spud this first well. This is a clear example of the quality and experience of our employees and their ability to work under time sensitive deadlines. It is always great to see a project come together when you have a short fuse. When we executed the Farmout, I was aware we would have to hustle to meet the initial deadline, but the confidence I placed in our professionals turned out to be well founded."
About Sun River Energy, Inc.
Sun River Energy, Inc. is a Dallas-based, development-stage oil and gas exploration and production company.
Recommended Reading
Despite Slowing NAM Activity, Weatherford Declares First-ever Dividend
2024-07-24 - Weatherford reported a softer North America market but strong overseas growth, leading the company’s board to authorize its first share buyback program and first quarterly dividend.
YPF, Petronas Target FID for Argentine LNG Facility in Late 2025
2024-08-16 - Argentina’s long-envisioned LNG export facility is closer to becoming a reality as state-owned YPF SA and Malaysia’s Petronas will look to reach a final investment decision in the second half 2025 on development in Sierra Grande on the country’s Atlantic Coast.
Cheniere’s Corpus LNG Stage 3 Project on Track for Year-end Start
2024-08-09 - Cheniere Energy., which boasts 45 mtpa of LNG production capacity, is on schedule for first LNG production from its Corpus Christi LNG Stage 3 project by year-end 2024, the company’s CEO Jack Fusco said during a quarterly earnings webcast.
ISS, Glass Lewis Push Crescent, SilverBow Shareholders to Vote for Merger
2024-07-19 - Proxy Advisory firms Institutional Shareholder Services and Glass Lewis also recommend that Crescent Energy shareholders vote for the approval of the issuance of shares on Crescent Class A common stock.
Archrock Offers Common Stock to Help Pay for TOPS Transaction
2024-07-23 - Archrock, which agreed to buy Total Operations and Production Services (TOPS) in a cash-and-stock transaction, said it will offer 11 million shares of its common stock at $21 per share.