Wedgemount Announces Huggy Operations Update
Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) announces details of its ongoing enhancement and remediation program for the recently acquired Huggy Asset in west central Texas. The program aims to optimize well production through chemical treatments, well workovers, and surface facility optimization. The company has expanded to two rigs and is implementing infrastructure upgrades including pipe replacement. Wedgemount is utilizing VSC's eco-friendly well-stimulation treatment. The company has 136 conventional vertical production wells, including 119 at Huggy, with plans to treat approximately half of the Huggy wells over the next 12 months.
Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) annuncia i dettagli del suo programma di miglioramento e recupero in corso per il recentemente acquisito Huggy Asset nel Texas centrale occidentale. Il programma ha lo scopo di ottimizzare la produzione dei pozzi attraverso trattamenti chimici, lavori di manutenzione sui pozzi e ottimizzazione delle strutture superficiali. L'azienda ha ampliato la sua operazione a due impianti e sta implementando aggiornamenti infrastrutturali, inclusa la sostituzione delle tubazioni. Wedgemount sta utilizzando il trattamento ecologico di stimolazione dei pozzi di VSC. L'azienda ha 136 pozzi di produzione verticali convenzionali, di cui 119 situati all'Huggy, con piani di trattare circa metà dei pozzi di Huggy nei prossimi 12 mesi.
Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) anuncia los detalles de su programa de mejora y remediación en curso para el recientemente adquirido Huggy Asset en el oeste central de Texas. El programa tiene como objetivo optimizar la producción de pozos a través de tratamientos químicos, trabajos de mantenimiento en los pozos y optimización de las instalaciones en superficie. La empresa ha ampliado a dos plataformas y está implementando actualizaciones de infraestructura, incluida la sustitución de tuberías. Wedgemount está utilizando el tratamiento ecológico de estimulación de pozos de VSC. La empresa cuenta con 136 pozos de producción verticales convencionales, de los cuales 119 están en Huggy, con planes de tratar aproximadamente la mitad de los pozos de Huggy en los próximos 12 meses.
Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF)는 최근 인수한 Huggy Asset에 대한 진행 중인 개선 및 복구 프로그램의 세부 사항을 발표했습니다. 이 프로그램은 화학 처리를 통해 우물 생산을 최적화하고, 우물 보수 작업 및 지상 시설 최적화를 목표로 하고 있습니다. 회사는 두 개의 굴착기로 확대하고 있으며, 파이프 교체를 포함한 인프라 업그레이드를 시행하고 있습니다. Wedgemount는 VSC의 환경 친화적인 우물 자극 처리를 활용하고 있습니다. 이 회사는 136개의 전통적인 수직 생산 우물을 보유하고 있으며, 그 중 119개가 Huggy에 위치해 있으며, 향후 12개월 동안 Huggy 우물의 절반 정도를 처리할 계획입니다.
Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) annonce les détails de son programme d'amélioration et de réhabilitation en cours pour l'actif Huggy récemment acquis au centre-ouest du Texas. Le programme vise à optimiser la production des puits grâce à des traitements chimiques, des travaux de maintenance sur les puits et l'optimisation des installations de surface. L'entreprise a élargi ses opérations à deux plateformes et met en œuvre des mises à niveau des infrastructures, y compris le remplacement des tuyaux. Wedgemount utilise le traitement écologique de stimulation des puits de VSC. L'entreprise possède 136 puits de production verticaux conventionnels, dont 119 à Huggy, avec des plans de traiter environ la moitié des puits de Huggy au cours des 12 prochains mois.
Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) gibt Details zu seinem laufenden Verbesserungs- und Sanierungsprogramm für das kürzlich erworbene Huggy Asset im westlichen Zentraltexas bekannt. Das Programm zielt darauf ab, die Förderung der Bohrlöcher durch chemische Behandlungen, Bohrlocharbeiten und Optimierung der Oberflächenanlagen zu optimieren. Das Unternehmen hat auf zwei Bohranlagen erweitert und implementiert Infrastrukturverbesserungen, einschließlich des Austauschs von Rohren. Wedgemount nutzt die umweltfreundliche Bohrlochstimulationsbehandlung von VSC. Das Unternehmen verfügt über 136 konventionelle vertikale Produktionsbohrlöcher, darunter 119 am Huggy, mit dem Plan, in den nächsten 12 Monaten etwa die Hälfte der Huggy-Bohrlöcher zu behandeln.
- Expansion to two rigs indicates operational growth
- Large well inventory of 136 production wells
- Implementation of infrastructure upgrades to accommodate increased production
- None.
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce details of its ongoing enhancement and remediation program for the Company's recently acquired producing oil and gas assets (the "Huggy Asset" or "Huggy") in west central Texas.
The Company's Huggy Asset remediation program is designed to optimize well production through proprietary chemical treatments, well workovers and surface facility optimization. The Company has expanded field resources to two rigs and engaged multiple contractors in support of this program. Surface facility optimization includes extensive infrastructure upgrades and miles of pipe replacement to accommodate increased production levels.
The Company is using a powerful well-stimulation treatment provided by Valkyrie Specialty Corp. ("VSC"), the Company's San Antonio-based upstream oil and gas chemical solutions provider. VSC's eco-friendly, multi-modal treatment is a
Wedgemount currently has 136 conventional vertical production wells in inventory including 119 at Huggy. It's anticipated that approximately one-half of the wells at Huggy will undergo well-stimulation treatments over the coming 12 months.
About Wedgemount Resources Corp.
Wedgemount Resources is a junior oil and gas company focused on maximizing shareholder value through the acquisition, development and exploitation of natural resource projects in the southern USA.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, President and CEO
For more information, please contact the Company at:
Telephone: (604) 343-4743
info@wedgemountresources.com
www.wedgemountresources.com
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FAQ
How many wells does Wedgemount Resources (WDGRF) plan to treat at the Huggy Asset in 2024-2025?
What is the total number of production wells owned by Wedgemount Resources (WDGRF)?
What type of well treatment is Wedgemount Resources (WDGRF) using at the Huggy Asset?
