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Permex Petroleum Corporation Expands Its Oil and Natural Gas Royalty Acquisitions into the Permian Basin of New Mexico


Permex Petroleum Corporation Expands Its Oil and Natural Gas Royalty Acquisitions into the Permian Basin of New Mexico
Permex or the
Company) (CSE: OIL) (OTCQB: OILCF) is pleased to announce the expansion of its royalty acquisitions program by purchasing producing royalty interests in (5) horizontal oil and natural gas wells plus four permitted wells located in Lea County, New Mexico.
Major structural features in the region of Permian Basin
Source: U.S Information Administration
https://orders.newsfilecorp.com/files/5999/77310 fd8b947454f97adc 001full.jpg
These properties are located within the Wildcat field of the Wolfbone Shale (Wolfcamp - Bone Spring). Combined these wells have produced an average of 5,455 barrels of oil per day ( BOPD ) and 7.3 million cubic feet of gas per day ( MMCFPD ) over the past five (3) month reported period from completion intervals of 12,939- 23,536 feet. The wells are being operated by COG Operating, LLC of Midland, Tex ....

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U.S. shale oil output to drop 46,000 bpd to 7.46-million bpd in April: EIA


U.S. shale oil output to drop 46,000 bpd to 7.46-million bpd in April: EIA
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U.S. oil output from seven major shale formations is expected to decline by about 46,000 barrels per day (bpd) in April to about 7.46 million bpd, the U.S. Energy Information Administration said in a monthly forecast on Monday.
Output at nearly every formation is expected to fall and the biggest declines are expected to come from the Eagle Ford and Niobrara basins, where production is expected to drop by about 15,000 bpd in each basin compared with March, the data showed. ....

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Permian Production Set To Rise Despite Shale Decline


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Tsvetana Paraskova , Productivity Report , Eagle Ford , Oil Production , Oil Wells , ப்ரோடுக்டிவிடீ அறிக்கை , கழுகு ஃபோர்ட் , எண்ணெய் ப்ரொடக்ஶந் , எண்ணெய் கிணறுகள் ,

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