Wednesday, October 26, 2022 2:05:34 AM
Adjacent to the "Ray Loveless" leases are 3 of the "Triple S Gas" leases that Cycle purchased and disclosed on September 29, 2022. The 13 combined leases "RLE & Triple S" fall within a 6 square mile radius that Cycle Oil & Gas will work to develop a workover program to bring nearly 80 shut-in wells back online through the use of their own rigs & licensed technologies. Cycle sees this as a prime opportunity to cut fuel costs & mob times on their service rigs from well to well, while increasing production and lowering lease operating expenses bottom line.
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