Nexera Moves Ahead Production and Further Drilling at Huebinger
Nexera Energy Inc. (OTC PINK:EMBYF) announced the completion of installations for the Huebinger E1 well, expecting it to be operational within 24 hours. Encouraged by preliminary test results, the company is set to drill the new Huebinger E2 well in collaboration with Alliance Petroleum Interests. This partnership aims to increase the number of impactful wells drilled in 2021. The company also reported that it navigated through a winter storm affecting South Texas without major operational disruptions, ensuring a return to full production.
- Completion of Huebinger E1 well installations.
- Start of drilling for Huebinger E2 well in partnership with Alliance Petroleum.
- Strategic increase in higher impact wells expected in 2021.
- Resilience shown during winter storm with full production restoration.
- None.
SAN ANTONIO, TX and CALGARY, AB / ACCESSWIRE / March 9, 2021 / (TSXV:NGY)(OTC PINK:EMBYF) (the "Company" or "Nexera") is pleased to provide the following update: Installation of facilities and services related to its Huebinger E1 well are complete. The Company expects the well to be in full operation within the next 24 hours. As a result of encouraging preliminary tests of the Huebinger E1 Well, Nexera has made preparations for drilling of the new Huebinger E2 well with Alliance Petroleum Interests ("Alliance"), and will begin immediately transporting equipment to the Huebinger E2 site to support drilling activity.
Nexera plans to work alongside Alliance more intentionally in a long term business relationship with the expected result of an increase in the number of higher impact wells drilled on its leases in 2021 over years previous. Nexera believes this strategy will provide a greater opportunity for potential returns on Nexera's mineral leases.
Nexera Energy Inc. is pleased to report that it managed through the winter storm that affected South Texas without significant interruptions to its operations and has made all necessary repairs to return to full production.
About Nexera Energy Inc.
Nexera Energy Inc. (TSX V:NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is the owner and operator of the Lavernia, Wooden Horse, and Stockdale Horizon Projects. Additionally, the Company owns and operates various working interests in the HugoCellR, Hagco, Alliance, and MarPat partnerships. The Company also owns
For further information, please contact:
Nexera Energy Inc. President, Shelby D. Beattie
Telephone at (403) 262-6000
Email: info@ebyinc.com
www.nexeraenergy.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Nexera Energy Inc.
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