ST AUGUSTINE, FL / ACCESSWIRE / May 10, 2022 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is pleased to announce the commencement of work to Recomplete the Haggard B #1 located in Marion County, Texas.
As previously reported, Maverick is commencing work this week on the Haggard B #1 located in Marion County, Texas. The Haggard B #1 is the first of five wells Maverick has agreed to recomplete. Maverick will earn an undivided fifty percent working interest and be the operator of record for this well.
The Haggard B #1 is reported to be currently delivering approximately 180 thousand cubic feet of gas with 2 barrels of condensate a day. Maverick estimates, with the current rework plan, to double the existing production. Maverick's technical team will oversee the recompletion process.
James McCabe, President and CEO of Maverick Energy Group, Ltd commented, "Assuming the successful rework of the Haggard B #1, Maverick expects to add meaningful cash flow for the company and begin a continuous development program."
About Maverick Energy Group
Maverick 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 license to patented and proprietary horizontal production enhancement technologies facilitate the rapid accumulation of valuable oil and gas assets, while at the same time greatly improving the rate of production and lifetime potentialof these properties.
Company Website: www.maverickeg.com
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CONTACT:
Maverick Energy Group, Ltd.
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SOURCE: Maverick Energy Group, Ltd.