$AGYP ~ In a September tweet, the Texas Railroad Commission “RRC” (https://www.rrc.texas.gov/) visited AGYP’s Green lease (
The Texas Railroad Commission was on location last week to witness the H-5 Casing integrity test on the Green lease saltwater Disposal Well. The test was a success and this Well will handle all produced water from the Green Lease at this time. $AGYPpic.twitter.com/JyKboRcQdy
). The Texas RRC through its Oil and Gas Division, regulates the exploration, production, and transportation of oil and natural gas in Texas. While at the lease the RRC conducted an H-5 casing integrity test on the Green Leases saltwater disposal well. The test was successful. I started looking at AGYP’s filings and permits on the RRC site and found something AGYP stock shareholders and potential investors may have missed.
Currently, the Green Lease has 2 producing wells (3K and M1), however, if you look at this map you can see the Green Lease is littered with opportunities. By my count, there are 4 additional oil wells (1,3,4, and 8) as well as 10 plugged wells (remember, plugged wells are right in AGYP’s wheelhouse plugging a well allows for re-pressurization). Well 1 is a new permit but as you can see there may be more on the horizon.
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