DENVER, Feb. 21, 2017 (GLOBE NEWSWIRE) — Foothills Exploration, Inc. (OTCQB:FTXP) (the “Company” or “Foothills”), an independent oil and gas exploration and production company engaged in the acquisition and development of properties in the Rockies and Gulf Coast, today announced that since acquiring Tiger Energy Partners International on December 30, 2016, the Company has successfully reworked two wells in its Duck Creek project obtaining production from the Green River formation. The Company sold 560 barrels of oil during January 2017 and plans to workover two additional shut-in wells in the Duck Creek area over the next 60 days, which should further increase production.
“We are pleased to report that our recent efforts in the Rockies have produced attractive results so soon after closing that acquisition under two months ago,” stated B.P. Allaire, Foothill’s CEO. “We expect that our production during the month of February will at least match the approximate production we achieved in January,” added Allaire.
About the Company
Foothills Exploration, Inc. (OTCQB:FTXP), based in Denver, Colorado, is a growth stage oil and gas exploration and production (E&P) company with focus and expertise in acquisition and development of onshore and offshore properties. The Company’s assets are located across well-established plays in the Rocky Mountain and Gulf Coast regions. Please visit the Foothills website at http://ir.foothillspetro.com/.