Exploration and production of oil and gas requires several attributes to succeed; research, perseverance, hard work and quite a bit of luck. If you don’t follow each attribute correctly and thoroughly, a dry hole will be at the end of the pipe. The better part of the attribute equation is that, if followed correctly, the rewards on the back side can be great. Finding a company that has researched, targeted and persevered will ultimately lead to a solid flow of profits.
JayHawk Energy Inc., an oil and gas production/development company, works to develop and produce oil and gas from leases primarily in southeastern Kansas and North Dakota. The company has had significant successes and minor set-backs over the last quarter, with the ultimate outcome showing increased month-over-month revenue growth for the last several periods. For the most part, this increase in revenue can be attributed to initial drilling successes at the company’s Kansas coal methane and North Dakota light-oil well drilling programs.
The company’s Kansas program holds one of the larger keys to the company’s continued success. Its initial drilling program involved two wells. Solid supplies were found with one well tied in for production. The company’s pipe system is 100% owned by the company and is expecting an output of approximately 30-35 cfm from this well. The future, it would seem, is bright for this part of the company’s drilling program. With a pipe system in place, the company feels it is ready to move forward on approximately 200 more wells in the area. Unfortunately, a wet spring in the Midwest has slowed progress by a month or two – dewatering and drilling are expected by July 14, 2008. Fortunately, this will only slow the company down minimally.
JayHawk Energy is a company on the move. Its initial successes in Kansas have not slowed its future growth down by one bit. Coming off of solid results in its primary Kansas project, the company has agreed to lease or buy outright additional coal bed methane gas wells and leases in Kansas. JayHawk Energy has done its due diligence in the coal bed methane gas exploration market and is now reaping the benefits. Its production infrastructure appears in place for the foreseeable future and the profit is flowing as fast as the gas it pumps.
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