Baron Energy, Inc. to Begin Production Enhancement Programs on Recent Acquisitions
Oct 7, 2011 6:00:00 AM 2011 GlobeNewswire, Inc.
NEW BRAUNFELS, Texas, Oct. 7, 2011 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that field work to increase oil production will begin next week on recently acquired properties in Young and Archer Counties, Texas.
Ronnie L. Steinocher, President and CEO, said, "We have finalized plans to increase production at our recently acquired Keller and Tribune Leases. We will reactivate a number of oil producers and acidize two production wells. Preliminary engineering indicates that production could double in each lease. We expect each of these programs to take around a week to complete."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and gas production, exploitation, and exploration company headquartered in New Braunfels, Texas, with producing assets in the prolific oil producing Permian Basin of West Texas and North Central Texas.
Baron owns production that is 100% oil, both operated and non-operated, with working interests ranging from 12.5% to 100% in oil fields located in Archer, Baylor, Garza, Jones, Runnels, Scurry, Taylor, and Young counties, Texas.
Baron's growth strategy centers on making accretive acquisitions, production enhancement programs, reactivation projects, and in-fill drilling, all within the Company's core area of North Central and West Texas. Baron's primary focus is on conventional oil production.
For more information, please visit www.baronenergy.com.