BENBROOK, Texas--(BUSINESS WIRE)--Wheeler Resource Recovery, a leader in secondary oil recovery in proven oil fields with over 50 years of experience, announced the breaking of ground on its eleventh two well package in its historically successful water flood project in Madison County, Texas.
The imminent drilling of Madison Project well #11 marks 11th of 27 total two well packages in the entire project. As Wheeler Resource Recovery nears the halfway point of this multi-year project, the Benbrook-based company is tracking to exceed daily production projections. Wheeler’s proven success in its unique five-spot water recovery process continuously extracts more oil at a lower cost and lower risk than primary oil recovery, making it a low-risk, high reward way to recognize significant returns. The continued success in Madison County further solidifies Wheeler Resource Recovery’s commitment to providing non-industry, accredited investors the opportunity to invest in the oil industry through unique and profitable investment opportunities.
“The Madison County water flood project is shaping up to become the best field development we’ve conducted in our 50 years as a company,” said Kevin Thibeau, President of Wheeler Resource Recovery. “As economic stability returns and tax season approaches with the year’s end, it is a timely opportunity for investors to revisit whether an oil & gas investment is right for them.”
For more information, visit WheelerResourceRecovery.com.
ABOUT WHEELER RESOURCE RECOVERY
Wheeler Resource Recovery is a leader in secondary oil recovery and is based in Benbrook, Texas. Since 1932, Wheeler has used its five-spot water recovery process to extract oil at a lower cost and lower risk than primarily oil recovery. The principals of Wheeler Resource Recovery, Kevin K. Thibeau and J. P. Bolton, have over 50 years of oil and gas and financial experience between them and continue to operate successful oil recovery projects by partnering with accredited investors throughout the United States.