Drilling begins on Xtreme Oil & Gas Kansas well

Xtreme Oil & Gas, Inc. (OTCQB: XTOG.OB) (OTC.BB: XTOG.OB), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announces today that the Company has reached a vertical drilling depth of over 3,000 feet on the Hoffman well in Kansas. Additionally, the specialized equipment is on site to begin the next stage of horizontal drilling and hydraulic fracturing. Hoffman is the first well to be drilled on the Company’s 8,516 acre Kansas property. The Company owns a 15% interest in the Kansas property and is partnered with three other oil and gas companies, all of which reviewed the geological studies on the formations.

“Xtreme and its drilling partners continue to deploy state of the art technology to exploit oil and gas formations successfully throughout Oklahoma, Kansas and Texas,” stated Willard G. McAndrew, CEO of Xtreme. “The Kansas property has previously produced 23 million barrels of oil and fits our profile of applying today’s methods to properties with prior prolific production history, taking advantage of significant technological advances in oil recovery technology. Management anticipates that production may begin by early 2012 and we expect to successfully repeat this process on additional wells in Kansas over the coming months.”

Advertisements

Author: montanaoilreport

After my first job at a newspaper -- delivering papers for the Jackson (TN) Sun, ink was in my veins. Since the 1970's I've worked in every area of the Printing and Publishing industry, with most of that time spent in the pressroom. In 2008 I moved to Montana and purchased the Sun Times of Fairfield (fairfieldsuntimes.com). In 2011 I realized that most media outlets were either ignoring, or attacking, the growing oil and gas industry in Montana, so I started the Montana Oil Report as the source of information on this important industry.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s