Gas Line to Maverick’s Edwards and Hearne Wells in Van Zandt County, Texas Now Back Online
Maverick Energy Group (OTC PINK:MKGP) announced that the gas sales line for its Edwards #1 and Hearne #1 wells in Van Zandt County, Texas, has resumed operations after nearly seven months of repairs. The company plans to complete work on both wells, aiming to restore production to approximately 200 thousand cubic feet of gas daily from each well within three weeks. Maverick holds a 25% interest in each well, indicating a collaborative effort with partners.
- Gas sales line restored after seven months of inactivity.
- Expected production of approximately 200 thousand cubic feet of gas per day from each well.
- None.
ST AUGUSTINE, FL / ACCESSWIRE / April 20, 2022 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is pleased to announce the gas sales line connecting to the Edwards #1 and Hearne #1 wells in Van Zandt County, Texas is now receiving gas after nearly seven months of being inactive for repairs.
Maverick can now complete planned work on the Edwards #1 and Hearne #1 wells and begin gas sales. Once the planned well rework is completed, Maverick expects the Edwards #1 and Hearne #1 wells to return to their previous reported production of approximately 200 thousand cubic feet of gas a day from each well. Maverick expects the wells to be online in approximately three weeks. Maverick holds a
About Maverick Energy Group
Maverick Energy Group LTD is a crude oil and natural gas acquisition, production, exploration, and horizontal drilling development company focusing on select areas of North America. Maverick believes that its license to patented and proprietary horizontal production enhancement technologies facilitates the rapid accumulation of valuable oil and gas assets, while at the same time greatly improving the rate of production and lifetime potential of these properties.
Company Website: www.maverickeg.com
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.
CONTACT:
Maverick Energy Group, Ltd.
investors@maverickeg.com
SOURCE: Maverick Energy Group, Ltd.
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FAQ
What is the status of Maverick Energy Group's gas sales line?
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What percentage interest does Maverick Energy hold in the Edwards and Hearne wells?
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