New Western Energy Corp. (OTCBB: NWTR) has begun development operations on its Anna Lease property located in Rogers County, Okla., comprised of 80 acres, nine oil wells and one disposable well.
The Anna Lease is part of the Bartlesville Sand formation. The Bartlesville attains a thickness of 120 feet in some localities but probably does not average more than 40 feet over much of the county.
According to the release, the Bartlesville probably has produced more oil in Rogers County than all other sands taken together. The average recovery per acre is 3,500 barrels. Although this is not a high recovery per acre, the productive area is large and in aggregate a great amount of oil has been produced from the Bartlesville sand formation in the area.
The company has also selected Stacey Holland, of Holland Lease Services, as field manager. Holland will oversee all field operations in Rogers County. The company’s development efforts will be focused on bringing existing wells online, refreshing wells and testing flowing wells, among other production-based activities.
New Western is an independent energy company based in Irvine, Calif., that is engaged in the acquisition, exploration, development and production of oil, gas and minerals primarily in North America.