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Allied Energy Achieves Oil Production at the Gilmer Lease Wells
Allied Energy Achieves Oil Production at the Gilmer Lease Wells.
About this update from Allied Energy Corporation
[{"type":"text","content":"\n Carrollton, Texas, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Allied Energy Corp (OTC Pink: AGYP), an oil and gas company focused on leasing and reworking oil and gas projects in Texas, is pleased to announce that the Company is successfully producing oil at three of the wells located on the Gilmer Lease. Throughout the month of September, Allied ground crews were focusing their efforts at the Gilmer Lease site and on wells number 1, 2, and 5, specifically. Since October 11, 2021, Allied is pleased to report that these three wells have been pumping and producing both oil and natural gas. Representatives of Allied Energy has identified a regional natural gas purchasing company and are presently working on securing a Gas Purchase Agreement. The Annie Gilmer lease is a 300 acre site in the small community of Crystal Falls, Texas on the banks of the Clear Fork of the Brazos river, approximately thirty miles north of the town of Breckenridge, Texas. There were six wells drilled on the lease starting in the mid 70’s with the last being drilled in 1989. CEO George Montieth commented: \"I am pleased with the progress at the Gilmer Lease location. Three wells have been reworked and re-completed and are now back in production. Allied has reached an important milestone in that we have achieved initial oil production at two of our lease locations. We have two wells producing at the Green Lease and three wells producing at the Gilmer Lease.” Allied project manager, Curtis Boyles, will be on the ground at the Prometheus Lease focusing attention on well H-1 (please see last press release). Allied is committed to consistent updates that convey our corporate progress at this exciting new lease location. The Company invites any and all interested parties to check back regularly at https://alliedengycorp.com/ and the corporate Twitter account https://twitter.com/AlliedEnergyCo1 About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation techno...