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Independence Energy Announces Arrival of Drilling Rig at Taylor-MEI #113 Well

Independence Energy has confirmed the arrival of the drill rig at the Taylor-MEI #113 well located in Coleman County, Texas.

According to the President and CEO of Independence Energy, Mr. Gregory C. Rotelli, the contracted drilling rig has reached the well location and the company has scheduled to commence the drill program at the Taylor-MEI #113 well, by early next week. This well is a re-completion to the Gardner Sandstone formation, indicated to be prolific in the region and is likely to be completed in about 10 days. The company has planned to start the re-completion of the program’s second well, the Taylor-MEI #115, immediately after the completion of the Taylor-MEI #113, Rotelli stated.

The Taylor-MEI #113 well belongs to a two well re-completion campaign that focuses on possible oil-bearing formations, indicative to be prolific in the region. The company originally drilled the Taylor-MEI #113 and the Taylor-MEI #115, which are planned to perform re-completion to the Gardner Sandstone formation.

The participation of the company in the two wells has been structured as a 2.5% of working interest. The original participation contract includes all expenses for testing, completing and equipping the wells with initial completion.

Independence Energy is an oil and gas exploration and development firm, which concentrates on projects found in America. The company is looking forward to develop its current projects by means of offset drilling or development and to extend its portfolio to contain further property interests in the US.

Source: http://www.independenceenergycorp.com/

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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