RyHolland Fielder Inc. has recently announced that it has four new wells on the Snyder Seales ranch in Callahan county, Texas, producing approximately 25 b/o per day in the initial production.
"These new wells in the Hope Sands have much higher pressures than the Hope Sands wells on the south side of the Synder Seales ranch. We think this virgin oil and gas accumulation is due to a huge uplifting and structural high on the north side of the Snyder Seales ranch. We think we have a new oil field," said Ron Walblay, president and owner of RyHolland Fieder Inc.
Walblay is seeking accredited investors for partnership opportunities, while they drill more new oil wells and expand the field.
Recommended Reading
FERC Again Approves TC Energy Pipeline Expansion in Northwest US
2024-04-19 - The Federal Energy Regulatory Commission shot down opposition by environmental groups and states to stay TC Energy’s $75 million project.
BWX Technologies Awarded $45B Contract to Manage Radioactive Cleanup
2024-03-05 - The U.S. Department of Energy’s Office of Environmental Management awarded nuclear technologies company BWX Technologies Inc. a contract worth up to $45 billion for environmental management at the Hanford Site.
Laredo Oil Settles Lawsuit with A&S Minerals, Erehwon
2024-03-12 - Laredo Oil said a confidential settlement agreement resolves a title dispute with Erehwon Oil & Gas LLC and A&S Minerals Development Co. LLC regarding mineral rights in Valley County, Montana.
DOE Considers Technip, LanzaTech For $200MM ‘Breakthrough’ Technology Award
2024-03-25 - The U.S. Department of Energy funding will be used to develop technology that turns CO2 into sustainable ethylene.
US Decision on Venezuelan License to Dictate Production Flow
2024-04-05 - The outlook for Venezuela’s oil industry appears uncertain, Rystad Energy said April 4 in a research report, as a license issued by the U.S. Office of Assets Control (OFAC) is set to expire on April 18.