Mammoth Energy Group, Inc. Announces Successful Drilling of Second Well in Oklahoma
Friday, August 22nd 2008
Mammoth Energy Group, Inc. announce that drilling on its second Oklahoma well has been successful. The company’s second well was drilled to a depth of 600′ and encountered a great oil showing at 450′ and another showing at a depth of 510′. Completion of this well will take place early next week, and the company anticipates the well to be in production the following week.
“We are excited with the results and look forward to continued success as we move on to our next project,” stated Joe Overcash, President of Mammoth. “Management expects production from this second well to be comparable to the first well and possibly exceed that of the first well.”
Mammoth Energy Group, Inc. is focused on developing shallow gas projects in north-eastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Noble and Kay County properties in Oklahoma that covers approximately 1,400 acres.
More information is available at the company’s website at www.mammothenergygroup.net
