(1888PressRelease) The President and CEO of Tycoon Energy, Inc., Matt Nerbonne, has announced the discovery of crude oil after drilling a well over a mile into the earth near the town of Plains, Texas, USA.
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Matt Nerbonne of Tycoon Energy, Inc. announces discovery of crude oil using 3-D Hydrocarbon Imaging (1888PressRelease) The President and CEO of Tycoon Energy, Inc., Matt Nerbonne, has announced the discovery of crude oil after drilling a well over a mile into the earth near the town of Plains, Texas, USA. Dallas, TX - Tycoon Energy, Inc. (TYCOON) an independent producer of crude oil and natural gas drilled and completed a test well in Yoakum County, Texas and has placed it into production for the U.S. crude oil market. The initial testing revealed high concentrations of crude oil with the added presence of natural gas. The company is planning on increasing the number of wells in the area with added new drills to expand and develop its current large leaseholds. Production rates are being held by the company as it looks to acquire additional acreage to further its development in the area.
Use of 3-D Hydrocarbon Imaging brought georadiometric technology into the cutting edge of identifying and quantifying oil and gas reservoirs and reserves with sophisticated field equipment and software integration abilities that aided the company to locate its oil and gas leasehold reserves. Hydrocarbon Imaging rivals conventional seismic and downhole logging via a surface survey of the "radiation footprint" of a given area of geography. This technology goes beyond conventional techniques in both arenas of cost and reserve identification and has been leveraged to meet the needs of the industry. More about Tycoon Energy, Inc. and 3-D Hydrocarbon Imaging is available on the company website: www.tycoonenergy.com Source: http://www.1888pressrelease.com/matt-nerbonne-of-tycoon-energy-inc-announces-discovery-of-pr-298081.html