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Sonoran Energy Provides Operational Update
Progress on KWB Field Redevelopment
DALLAS, July 21, 2008 /PRNewswire-FirstCall via COMTEX/ -- Sonoran Energy, Inc. (OTC Pink Sheets: SNRN), the independent oil and gas exploration and production company, today announced it has successfully completed the latest phase in its Central Texas KWB work program. The program involves the re-entry, re-activation, and re-completion of wells in the Company's KWB field in Tom Green County in Central Texas.
Ralph Watkins, Sonoran Energy's COO commented: "Following our most recent work, the field rate has been raised to over 600 thousand cubic feet of LNG-rich gas (MCF) and 9 barrels of associated condensate per day. Work continues with two rigs operating and hydraulic fracture stimulations already planned on three recently re-completed wells. I am encouraged that our most recent shallow gas re-completion flowed naturally at a rate of 250 MCF/D, and shut-in with a pressure of over 1,800 psi. With numerous offsetting candidate wells, this recent success bodes well for our future work in the field."
Peter Rosenthal, Sonoran Energy CEO commented: "We are very pleased with this result. It proves that we have a good methodology in place and we intend to continue this program of re-completions over the weeks and months to come. The fact that we can re-complete existing wells rather than drilling new wells, makes this project especially attractive from an economic viewpoint. We have a large inventory of wells to work on in Tom Green County."
Re-completions focus primarily on the Canyon and Cisco sands, plus at least three additional horizons for which testing is planned. With a significant inventory of available well-bores, Sonoran's program of infrastructure expansion, re-completion, well stimulation, and de-liquification enhancement offers significant opportunities ahead.
While our success in West Texas represents a significant step forward for Sonoran, it is critical for shareholder value creation that we extract value from our Louisiana assets. We plan to step up our work there in the very near future.
About Sonoran Energy, Inc.
Sonoran Energy is a US-based independent oil and gas company that explores, develops, and enhances the performance of high value oil and gas opportunities. With a focus on health, safety and the environment, Sonoran Energy leverages its innovative organizational alignment model with leading technical partners.
For more information contact:
Investor Relations
Dana Johnston
Taylor Rafferty
Tel: (212) 889-4350
Email: sonoran@taylor-rafferty.com |
