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Maverick Energy Group, Ltd. Announces the Beginning of Well Rework Operations on the Hearne #1 Well in Van Zandt County, Texas Lease: 9/28/2021
Maverick Energy Group, Ltd. Announces the Beginning of Well Rework Operations on the Hearne #1 Well in Van Zandt County, Texas Lease: 9/28/2021.
About this update from Maverick Energy Group, Ltd.
[{"type":"text","content":"ST. AUGUSTINE, FL / ACCESSWIRE / September 28, 2021 / James McCabe, President and CEO of Maverick Energy Group, Ltd. (OTC PINK:MKGP) ("Maverick"), an independent oil and gas exploration company, announced today that Maverick has a workover rig on location and has begun reworking operations on its 25% ownership Interest in the 480-acre Ben Hearne #1 Lease in Van Zandt, Texas.Maverick's petroleum engineer, Jason Lacewell has designed the recompletion procedures on the Ben Hearne #1 well and is overseeing all operations. Once downhole operations are completed, new surface equipment will be installed to begin oil and gas production.We expected to have a rig on the Bonnie Davis #1 in Jones County, Texas this week to finish downhole operations. Due to availability, this has been postponed at least a few days."Following Maverick's business model of acquiring and developing low-cost reserves, the Ben Hearne #1 is the second in a series of wells that Maverick expects to bring online in the fourth quarter of 2021," said James McCabe, CEO of Maverick Energy Group, Ltd.About Maverick EnergyGroupMaverick Energy Group LTD is a crude oil and natural gas acquisition, production, exploration, and horizontal drilling development company focusing on select areas of North America. Maverick believes that its access to patented and proprietary horizontal production enhancement technologies facilitates the rapid accumulation of valuable oil and gas assets, while at the same time greatly improving the rate of production and lifetime potential of these properties.Company Website: www.maverickeg.comSafe Harbor StatementThis release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into def...