DonRay Petroleum, LLC Announces Completion of the DRP Grace #4 Well
DonRay Petroleum, LLC announced the completion of the DRP Grace #4 joint venture well in Noble, County, Okla.
Oklahoma City, Ok (PRUnderground) March 7th, 2014
DonRay Petroleum, LLC, a privately held oil and gas company located in Oklahoma City, today announced the completion of the DRP Grace #4 joint venture well in Noble, County, Okla.
The DRP Grace #4 well began production in August 2013 from the Skinner Formation at approximately two barrels of oil, 156,000 cubic feet of gas and 100 barrels of salt water per day.
As of February 2014, it has been determined the formation is depleted and the well is scheduled to be recompleted in another formation in March 2014 that is not depleted.
Ray Corbitt Jr., president and joint venture manager of DonRay Petroleum, LLC., said “we suspected the Skinner formation was depleted, however the petroleum engineers opinion was that is did not appear to be by reviewing the well logs and warranted testing before completing the well in another formation so we will now complete the well in another formation.”
Production and market prices may vary from month to month, therefore, DonRay Petroleum, LLC is not liable for production, future production or market prices. The press release for DonRay Petroleum, LLC is published for information purposes only. During the development of this press release, every effort has been made to provide only the most current, accurate and clearly expressed information possible. The data and information provided on our press release is for personal non-commercial usage. Neither the information or data presented on this site constitutes a solicitation or offer by DonRay Petroleum, LLC to buy or sell any products or services of any kind or to provide any investment advice or services. Additionally, DonRay Petroleum, LLC disclaims any responsibility for errors or typos and the accuracy of any information found on third party websites. DonRay Petroleum, LLC does not provide specific investment advice to any individual reviewing our website.
About DonRay Petroleum, LLC
DonRay Petroleum, LLC is a privately held company that engages in Joint Ventures with private investors for the purpose of oil and gas exploration, production, operating and return on investment.
DonRay Petroleum, LLC secures the services of professionals such as exploration companies, geologists, petroleum engineers, landmen, drilling, completion and production consultants, attorneys and accounting firms specializing in oil and gas. DonRay Petroleum, LLC was founded in 2004 in Oklahoma City by Ray Corbitt, Jr. and is a privately held company.
To learn more, go to http://donraypetroleum.com or call toll-free (866) 525-8202.