Heartland Energy Development Corp. Expands Domestic Oil and Gas Drilling
ENGLEWOOD, CO, Feb 12 (MARKET WIRE) --
Heartland Energy Development Corporation (HEDC) -- a leader in domestic
oil and gas exploration and production -- has expanded its drilling
operations to include a 100 percent interest in the Cerda #1 natural gas
well in Jim Hogg County, Texas.
The well is located adjacent to the Northeast Thompsonville Field, which
is the largest Wilcox gas field in the state. According to a survey
performed by the Texas Economic Geology Commission, the field produces
more than 650 CBF of gas with a total 850 EUR. HEDC currently has 860
acres under lease, with an option to lease an additional 800 acres
directly from the property owner. The company is collecting 3D seismic
data to determine the field's long term potential.
HEDC also has a working interest position in the Margo Heirs Field in
Starr County, Texas. The company has participated in drilling Margo Heirs
wells 1-4, and plans to participate in the drilling of two more wells
during the first half of 2009. The field's primary output comes from the
Vicksburg series sands at 6,500 to 8,000 feet in depth. For the past six
months, the average output of gas for the first four wells has remained
steady at 10 MMcfd (Millions of cubic feet per day). Well #2 is
especially productive, yielding more than 10 MMcfd with 200 BCPD (billion
cubic feet per day).
In Fall 2008, HEDC participated as a non-operating working interest holder
in the Xtreme Oil Creek well 1-19s in McClain County, Oklahoma. The well
was drilled to 8,500 feet and completed in the 1st Bromide sand target
with an initial production rate exceeding 80 BOPD (Barrels of Oil Per
Day).
About HEDC
Established in 2006, Heartland Energy Development Corporation (HEDC) is
dedicated to environmentally sensitive exploration and development of
domestic gas and oil fields that reduce U.S. dependence on foreign energy.
It employs advanced drilling/extraction technologies and stratigraphic
surveys to maximize yield and protect the environment. While HEDC focuses
on fields in Texas and Oklahoma, it boasts a national presence with
hundreds of wells and thousands of acres in development. More information
is available at www.heartlandenergydevelopment.com.
This is not a solicitation or offer to sell.
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