Sunday, August 20, 2006

Drilling Underway on Devon's Ator GU #1H in NW Hood County

According to Devon Energy, a portion of the Ator Lease is now pooled with an adjacent 125 acre mineral lease creating the Ator Gas Unit. Devon exercised this pooling option to hold the 125 acre lease which was to expire in September. An amended drilling permit moves the Ator #1H into the Ator GU. The drilling of the Ator #2H will hold the remainder of the Ator Lease, and will be drilled following the completion of the GU #1H.

Felderhoff Bros Drilling Co, Rig #4, began drilling Thursday, August 17th, and the expected completion takes 2 to 3 weeks.