Sunray Oil Investors Gush Over Abilene Project Profits
"Right now Americans are consuming over 20 million barrels a day and the U.S. is importing over half of that. This is why domestic drilling - such as Sunray's Abilene Project - is such a boon to American consumers and why Sunray's investors are so excited about their excellent return on investment."
Sunray Oil's Abilene Project, which is situated about ten miles northeast of Abilene, Texas, recently produced a "gusher." "We just completed the first well of the Abilene Project, and it flowed more than 250 barrels of oil in the initial 48 hours," says Alexander. "We choked it back so that it would produce only 50 barrels a day (BOPD)in order to prolong the life of the well. A reserves study shows that this well should produce in excess of 55,000 barrels of oil."
Sunray Oil employs the latest seismic, directional drilling, logging, and completion technologies to transform unproductive oil projects into profitable ventures. "Because each location and formation has different characteristics, our engineers and geologists implement state of the art technology to maximize production," says Alexander.
Sunray has begun drilling the Abilene Project's second well, which should be completed within a week. The company has identified over a dozen other drill sites, and anticipates pinpointing an additional 100 drill sites on the oil field. "Overall estimates place the reserves on this site at slightly under 5 million barrels, with projected net revenues of over $150 million," says Alexander.
With investor support, Sunray Oil continues to pump the crude by taking over leases of existing abandoned wells and transforming them into steady and lucrative oil-producing success stories. "Research has proven that extending and sustaining the life of a well is more economically advantageous than drilling a new well," says Alexander. "Sunray's focus is on minimizing risk to its investors while maximizing economic returns."
Abilene is but one of Sunray Oil's promising projects. "We're confident that reworking and drilling existing oil leases in a variety of oil fields will continue to add to our company's bottom line, and help reduce America's dependence on foreign oil in the process," Alexander says.
Since it is unlikely that congressional approval for drilling in the Arctic National Wildlife Refuge (ANWR) will be forthcoming, and Alaska's Prudhoe Bay pipeline infrastructure is crumbling and causing oil spills, it is up to oil producers in the lower 48 to keep the oil pumping. The Texas-based Sunray Oil Company, as an independent oil and gas company with over 50 years of experience in acquiring, drilling, completing, and reworking oil and gas leases, is doing just that.
Elisabeth Lawrence is the Senior Editor for Press Direct International. She is a veteran writer and TV producer/director. She received three EMMY awards while at CBS. She also wrote for the Wall Street Journal, and later, as a TV & video consultant, handled material for Fortune 500 clients including Exxon, Pepsico, The Ladies Home Journal, RJR Nabisco, J.C. Penney, Hill & Knowlton and United Artists. Your Article Search Directory : Find in Articles
Recent articles in this category:
- Business News Articles - Getting Everything You Need from a Global Relocation Company
Building relationships... The International Relocation Company that you choose will be a vital - Christianity Articles - Israeli police sent on wild-goose chase
My unjust deportation from Israel was undoubtedly due to these chief factors: 1) I received a - Business News Articles - Dimmable LED Lighting - Energy Efficient Dimming Technology
LED lighting over the past 40 years made great strides towards becoming a viable alternative for ene - Press Release Articles - Mitsubishi iMiEV Wins "Car Technology of the Year" Award
Mitsubishi Motors Corporation (MMC), announced today that the "MiEV OS" integrated vehicle control s - Spiritual Articles - Free Online Tarot Card Readings
All of us would like to know our destiny. Some of us make use of free online tarot card readings sin - Press Release Articles - Mass flow Stodge Channel Ciawi
Mass flow is estimated that 20,000 people came to the road along the road Ciawi in regard to follow - Computers Articles - New Conduction-Cooled ATR 6U VPX Platform from Elma Provides Exceptional Thermal Performance
FREMONT, Calif., August 2009 -Elma Electronic Inc.'s Systems division announced today the new conduc - Research Articles - How Do I Find Public Records the Easier Way
How do I find public records fast and easy? That is the common question for people seeking to get ac - Current Affairs Articles - The burden of proof in Michael Jackson case lies with the prosecution.
A man is born, he grows, he matures and he dies. In the intervening years between his birth and deat - Fitness Articles - A cardiac arrest is quite a different diagnosis than that of a heart attack.
Blood vessel dilators and constrictors: Lidocaine, a local anesthetic has dual properties. It acts a
Most viewed articles in this category:
- Making the Most of Holiday Leftovers
Holiday time means turkey, and turkey usually means leftovers. Now you can jazz up roast turkey and - Online Bookstore Offers the Best Fiction and Non-Fiction Books
FOR IMMEDIATE RELEASE:Margate, FL, June 2006. Do you love to read a good sci-fi book? Are you - Modern Cash Flow Turns Paper into Cash - Making Magic for Investors, Noteholders
What would you do if you won the lottery? Virtually everyone has spent at least a few minutes daydre - Ak CreativeWorks Celebrates 19th Successful Year Providing Creative Services To Southland
Mission Viejo, CA – ak creativeworks, a creative services firm serving Los Angeles, Orange and - Rodedawg Hottest Amphibious 4x4 Competes as Leader of Off-Road
With fuel efficiency rated at 25 miles per gallon and a sticker price of just $49,000, the new 4x4 a - Digimaker .NET CMS builds a new portal for FAST
Fast Search & Transfer™ (FAST™), the leading developer of enterprise search and real - How to start a nursing agency business guide!
Fort Collins, Colorado – April 29, 2006 -- National Nurse’s Week is May 6-12 and once ag - How Can Press Release Increase Web Traffic?
When a business has little or even no budget to promote, "Press Release" is the most advan - Expansion of Nucleus Data Recovery Centers
New Delhi, India - Nucleus Data Recovery is pleased to announce its expansion. Now we are easily app - Becoming a Mistress-controversial in Its Own Right
Becoming a Mistress is the title of the first Mistress Series Short Stories by Destiny Blaine. It is