ROCKVILLE CENTER, NY–(Marketwired – Mar 6, 2017) – Supernova Energy, Inc. (OTC PINK: SPRN) (“Supernova” or the “Company”) is pleased to provide additional details regarding the Company’s productive oil and gas operations in Pratt County, Kansas.
Pratt County Leases – 780 acres – 100% Working Interest
Supernova is operator and 100% working Interest owner of its Pratt County leases (5 leases totaling 780 acres) located within the established Sawyer Field and is currently producing both oil and gas. The Sawyer field has produced an accumulative 3,383,397 MCF and 2,137,418 barrels of oil from four pay zones, (Lansing-Kansas city, Viola, Simpson and Arbuckle); the first well was drilled in 1957.
Since taking control as operator of the Pratt County leases in late 2015, Supernova has successfully reworked and restarted production in two temporarily abandoned (TA’D) wells (Keyes A #1 and Keyes B). An existing salt water disposal well (Harrell D) on the leases was also refitted and ungraded in August 2016 to support increased production levels in the field. The Company expects to further upgrade equipment on producing wells to increase flow rate and decrease water cut.
There are several other currently shut-in and temporarily abandoned (TA’D) wells on the Company’s Pratt County leases that are being considered for reworking. Supernova believes many of its Pratt County wells are also candidates for secondary recovery (gas injection and waterflooding).
Kevin Malone, CEO of Supernova Energy, Inc., commented, “Our oil and gas producing Pratt County leases are an ideal project for Supernova to expand with a series of relatively low-risk well recompletions and workovers. The next step of this strategy is to have an engineering report commissioned to target the best recompletion candidates and to determine the best potential pay zones for each well. This same engineering report will also allow us to assess bringing gas production back online that could further add to our bottom line.”
About Supernova Energy, Inc.
Supernova Energy, Inc. is an American based oil and gas production and exploration company with key holdings in Kansas and Kentucky. The Company’s goal is to acquire economical leases in known oil and gas formations with low cost of recovery. The strategy is to specialize in well bore completion, re-completion and workovers on existing oil and gas production.
For more information investors can visit www.supernovaenergyinc.com.