Triple Diamond Energy Announces Commencement of the McClure-Diamond No.1 Project
Triple Diamond Energy announces the start of a four well drilling program in Garvin County in Oklahoma’s Hoover Field.
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March 1, 2008 (FPRC) -- Addison, TX -- Triple Diamond Energy Corp. (TDEC) reported today that the Oklahoma Corporation Commission has issued its permit to drill the McClure Diamond #1 well, the first well of the McClure Diamond No. 1 project in Garvin County, Oklahoma. The McClure-Diamond No. 1 project is a four well step-out drilling program at a southeastern extension of the Hoover field.
The construction of the well site is nearing completion in anticipation of an imminent spud date. Mud-logging and additional geological services have been engaged. TDEC has entered into an operating agreement with Explo Oil, Inc. whereby Explo will perform services with respect to drilling, testing and completion of the prospect wells. Explo is primarily involved in the oil and gas industry as sponsor of, and participant in oil and gas well drilling, re-entry, and well stimulation programs. Currently Explo operates over 100 wells in Texas, Oklahoma, Kansas, Tennessee and Kentucky and is in good standing in each of these states as operator of producing wells.
Oklahoma ranks fifth in the nation in crude oil production (behind Texas, Alaska, California and Louisiana) and is second in natural gas production (behind Texas). The state produces 3.3 percent of the nation's crude and 8.8 percent of the natural gas in the U.S.
About Triple Diamond Energy Corporation: Triple Diamond Energy Corp. is engaged in the acquisition and development of high quality verifiable gas and oil reserves with a primary focus to obtain undervalued producing properties with optimal life potential at the lowest possible cost. Triple Diamond Energy is a privately held corporation located in Dallas, TX.
Send an email to Linda Harris of Triple Diamond Energy Corp
972-267-8600
Keywords:
Triple Diamond Energy, oil reserves, TDEC
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