New Asia Holdings Inc. Announces Olenox Corp Selected to Operate Within the Giant Hugoton Gas Field
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) announces its subsidiary, Olenox Kansas, has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field. The operations will cover 61,945 acres across Greeley and Hamilton Counties in Kansas. Olenox CEO Michael McLaren states they have completed agreements with the Kansas Commission and begun field operations. The company plans to introduce modern pumping and monitoring technologies to increase efficiencies, reduce costs, and enhance environmental protection.
Olenox Corp. is a diversified energy company with three business units: Oil and Gas, Energy Services, and Energy Technologies. The Oil and Gas division focuses on acquiring and optimizing underdeveloped assets in Texas, Kansas, and Oklahoma. Energy Services supports exploration and production efforts, while Energy Technologies provides R&D and existing technology to increase field production.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) annuncia che la sua sussidiaria, Olenox Kansas, è stata selezionata per gestire 181 pozzi di gas naturale nella porzione Bradshaw del Giant Hugoton Field. Le operazioni copriranno 61.945 acri nelle contee di Greeley e Hamilton in Kansas. Il CEO di Olenox, Michael McLaren, afferma che hanno completato gli accordi con la Commissione del Kansas e hanno iniziato le operazioni sul campo. L'azienda prevede di introdurre tecnologie di pompaggio e monitoraggio moderne per aumentare l'efficienza, ridurre i costi e migliorare la protezione ambientale.
Olenox Corp. è un'azienda energetica diversificata con tre unità di business: Petrolio e Gas, Servizi Energetici e Tecnologie Energetiche. La divisione Petrolio e Gas si concentra sull'acquisizione e l'ottimizzazione di patrimoni sottosviluppati in Texas, Kansas e Oklahoma. I Servizi Energetici supportano gli sforzi di esplorazione e produzione, mentre le Tecnologie Energetiche forniscono R&S e tecnologia esistente per aumentare la produzione sul campo.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) anuncia que su subsidiaria, Olenox Kansas, ha sido seleccionada para operar 181 pozos de gas natural en la porción Bradshaw del Giant Hugoton Field. Las operaciones cubrirán 61,945 acres en los condados de Greeley y Hamilton en Kansas. El CEO de Olenox, Michael McLaren, afirma que han completado los acuerdos con la Comisión de Kansas y han comenzado las operaciones en el campo. La empresa planea introducir tecnologías de bombeo y monitoreo modernas para aumentar la eficiencia, reducir costos y mejorar la protección ambiental.
Olenox Corp. es una empresa energética diversificada con tres unidades de negocio: Petróleo y Gas, Servicios Energéticos y Tecnologías Energéticas. La división de Petróleo y Gas se enfoca en adquirir y optimizar activos subdesarrollados en Texas, Kansas y Oklahoma. Los Servicios Energéticos apoyan los esfuerzos de exploración y producción, mientras que las Tecnologías Energéticas proporcionan I+D y tecnología existente para aumentar la producción en el campo.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD)는 자회사인 Olenox Kansas가 Giant Hugoton Field의 Bradshaw 지역에서 181개의 천연가스 우물을 운영하도록 선정되었다고 발표했습니다. 이 운영은 Kansas의 Greeley 및 Hamilton 카운티에 걸쳐 61,945에이커를 포함합니다. Olenox의 CEO인 Michael McLaren은 그들이 Kansas 위원회와의 협정을 완료하고 현장 운영을 시작했다고 말했습니다. 이 회사는 효율성을 높이고 비용을 줄이며 환경 보호를 강화하기 위해 최신 펌핑 및 모니터링 기술을 도입할 계획입니다.
Olenox Corp.는 석유 및 가스, 에너지 서비스 및 에너지 기술의 세 비즈니스 유닛을 가진 다양화된 에너지 회사입니다. 석유 및 가스 부문은 텍사스, 캔자스 및 오클라호마의 개발이 미비한 자산을 인수하고 최적화하는 데 중점을 둡니다. 에너지 서비스는 탐사 및 생산 노력을 지원하고 에너지 기술은 현장 생산성을 높이기 위한 연구 및 기존 기술을 제공합니다.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) annonce que sa filiale, Olenox Kansas, a été choisie pour exploiter 181 puits de gaz naturel dans la partie Bradshaw du Giant Hugoton Field. Les opérations couvriront 61 945 acres dans les comtés de Greeley et Hamilton au Kansas. Le PDG d'Olenox, Michael McLaren, déclare qu'ils ont conclu des accords avec la Commission du Kansas et ont commencé les opérations sur le terrain. L'entreprise prévoit d'introduire des technologies modernes de pompage et de surveillance pour améliorer l'efficacité, réduire les coûts et renforcer la protection de l'environnement.
Olenox Corp. est une entreprise énergétique diversifiée avec trois unités commerciales : Pétrole et Gaz, Services Énergétiques et Technologies Énergétiques. La division Pétrole et Gaz se concentre sur l'acquisition et l'optimisation d'actifs sous-développés au Texas, au Kansas et en Oklahoma. Les Services Énergétiques soutiennent les efforts d'exploration et de production, tandis que les Technologies Énergétiques fournissent R&D et technologies existantes pour augmenter la production sur le terrain.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) gibt bekannt, dass ihre Tochtergesellschaft Olenox Kansas ausgewählt wurde, um 181 Erdgasbrunnen im Bradshaw-Bereich des Giant Hugoton Field zu betreiben. Die Betriebsfläche umfasst 61.945 Acres in den Greeley und Hamilton Counties in Kansas. Der CEO von Olenox, Michael McLaren, erklärt, dass sie Vereinbarungen mit der Kansas-Kommission abgeschlossen haben und mit den Betriebsabläufen begonnen haben. Das Unternehmen plant, moderne Pump- und Überwachungstechnologien einzuführen, um Effizienz zu steigern, Kosten zu senken und den Umweltschutz zu verbessern.
Olenox Corp. ist ein diversifiziertes Energieunternehmen mit drei Geschäftsbereichen: Erdöl und Gas, Energiedienstleistungen und Energietechnologien. Die Öl- und Gassektion konzentriert sich auf den Erwerb und die Optimierung von unterentwickelten Vermögenswerten in Texas, Kansas und Oklahoma. Energiedienstleistungen unterstützen die Explorations- und Produktionsanstrengungen, während Energietechnologien Forschung und Entwicklung sowie bestehende Technologien bereitstellen, um die Feldproduktion zu steigern.
- Olenox Kansas selected to operate 181 natural gas wells in the Giant Hugoton Field
- Operations cover 61,945 acres across Greeley and Hamilton Counties in Kansas
- Plans to introduce modern technologies to increase efficiencies and reduce costs
- Olenox's Oil and Gas division has increased production from 7 barrels/day to over 40 barrels/day since July 2022
- Company believes there is more recoverable oil available on its leases
- None.
Olenox expands operations into Kansas
Electra, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- New Asia Holdings Inc./Olenox Corp. (“NAHD” or the Company) (OTCQB: NAHD), announces Olenox’s wholly-owned subsidiary, Olenox Kansas has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field. Discovered in 1926, The Hugoton Complex has produced over 26 trillion cubic feet of gas since its discovery in 1926 and is the largest natural gas field in North America. The operations will be conducted on 61,945 acres that extend nearly 80 miles through Greeley and Hamilton Counties in Kansas.
“We are honored to be able to work within such a historical Field,” says Olenox CEO Michael McLaren. “We have completed the necessary agreements with the Kansas Corporation Commission and have begun our field operations at the start of this month”.
The company will introduce modern pumping and monitoring technologies to increase field efficiencies, reduce costs, and better protect the environment during the operation of these stripper wells.
About Olenox Corp..
Olenox Corp. is a diversified energy company based in the state of Texas that currently operates three vertically integrated business units – Oil and Gas, Energy Services, and Energy Technologies.
- Oil and Gas: focuses on acquiring and optimizing underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma. It employs both internally developed and third-party-licensed technologies to increase production, optimize performance and reduce costs. Olenox currently operates 16 leases on approximately 2,000 acres with 125 wells on lease to reactivate. Since acquiring the leases in July 2022, Olenox’s Oil and Gas division has intermittently increased production from an average of 7 barrels/day to over 40 barrels per day. After reviewing well control data in the area, Olenox believes that there is more recoverable oil available on these leases.
- Energy Services: This business unit supports Olenox’s overall exploration and production efforts with “well services” and “end-of-life reclamation.” Olenox Energy Services owns and operates a combination of customized service-wireline rigs and HydroVac units. This specialized equipment allows for faster “rig in” and “rig out” times. Overall, Olenox Energy Services’ equipment and experience combination seeks to reduce the amount of time and fuel burned to complete an abandonment or workover thus reducing costs.
- Energy Technologies: This business provides both R&D and existing technology to enable increased production in the field. Olenox's flagship intellectual property is its downhole-enhanced recovery plasma pulse tooling and ultrasonic cleaning tools.
Each of Olenox’s three vertically integrated business units operates in tandem to help Olenox capture unique opportunities that often go untapped by the Company's competitors.
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Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates, and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events, or developments, except as required by federal securities laws.
FAQ
What is the significance of Olenox Corp's selection to operate in the Giant Hugoton Field for NAHD stock?
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