HOUSTON--(BUSINESS WIRE)--After an extensive infrastructure improvements program begun in July 2014, Hydrocarb Energy Corporation (HECC), a domestic and international energy exploration and production company targeting major under-explored oil and gas projects in emerging, highly prospective regions of the world, today reported 6000 barrels of oil production during September 2014 from its Galveston Bay, Texas oil and gas assets, up 57% from 3800 barrels of oil production in August 2014. Gas production decreased modestly from approximately 9617 thousand cubic feet (MCF) in August to 9000 MCF in September 2014.
Chuck Dommer, President and COO of Hydrocarb, stated, “Continuing infrastructure improvements are expected to further increase oil and gas production through the end of 2014 and into 2015, allowing for more consistent production and steady output growth. Current improvements on Hydrocarb Energy’s Galveston Bay oil and gas producing assets are targeting strategic equipment upgrades while the project’s second phase, winterizing select wells, should significantly reduce or eliminate cold weather-related production delays, increasing daily production rates.”
Additionally, 14 wells have been targeted for work overs which should restore or increase oil and gas production via well repair and/or re-completions between the Miocene age Frio formation reservoirs. The work is expected to take several months, and be completed in February 2015. Furthermore, Hydrocarb has engaged Dune International to analyze 3-dimensional seismic data for the Redfish Reef, Fishers Reef, and Trinity Bay work over wells. Dune will also investigate drilling prospects of the deeper Vicksburg and Yegua formation to identify potential oil and gas resources.
About Hydrocarb Energy
Hydrocarb Energy Corporation is a publicly-traded Domestic and International Energy Exploration and Production Company targeting major under-explored oil and gas projects in emerging, highly prospective regions of the world. With exploration concessions in Africa, production in Galveston Bay, and Oil Field Services in the United Arab Emirates, we maintain offices in Houston, Texas, Abu Dhabi, UAE and Windhoek, Namibia. For further information: www.hydrocarb.com.
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.