Heartland Prepares to Complete First New Wells in Cherokee Basin
Aztec Well Services, Inc., a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:UPDA)(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1), is preparing to complete the following wells in the Cherokee Basin Coalbed Methane Field owned by Heartland Oil and Gas Corp (OTCBB:HTOG) (FWB:HOCA): Clausen 24-6, Oberheide 14-8, Warring 31-8, Peckman 11-17, 41-18, 21-18, 23-8, 22-8, Reichart 44-3, McFarlane 44-4.
In order to complete the wells, a cased hole gamma/neutron log will be run to provide a correlation to the open hole log. The perforation recommendations from the open hole log will then used to find the corresponding area on the cased hole log. A perforating gun will be used to shoot the intervals to be perforated. The stimulation company will then rig up to acidize and prep to frac (in multiple stages) the perforated intervals. Once the frac is complete, the well will be swabbed, if necessary, to unload the fluid and the well should start to flow.
The wells to be completed are the first drilled in this field in over a year in this field and have already been connected to the gathering system and will be brought online as soon as they are completed. Down hole pumps and the other equipment necessary to produce the wells have been organized and electric service to the field is being modernized as necessary.
While completion plans are being finalized, Aztec has performed routine maintenance on its drilling equipment in anticipation of the second phase of the drilling program. Heartland has ordered updated title work for the 40 new drilling locations to be included in this second phase.
For further information, visit www.heartlandoilandgas.com
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
