Latest Nitro Petroleum Inc (NTRO) Headlines
Nitro Petroleum Incorporated: 3rd Quarter Filing Correction
Marketwire - Wed Jan 15, 3:31PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) announces a change in net profit for the 3rd quarter filing. Due to a correction in our accounting, Nitro Petroleum Inc. shows a net profit of $189,666.00. We apologize for any inconvenience.
Nitro Petroleum Inc.: Elmo 2 Update
Marketwire - Tue Jan 14, 4:03PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) participation in the Elmo #2 well has finished drilling and logging. Based off logs, we are flat on structure to the Elmo #1 and in the same sand bar. Pipe was set to a depth of 3,540 feet. We anticipate the Elmo #2 to be comparable to the Elmo #1. We expect to complete the Elmo #2 on or before January 24, 2014. We will keep you posted as soon as the results are available.
Nitro Petroleum Inc.: 3rd Quarter Update
Marketwire - Thu Jan 09, 7:01AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) 3rd Quarter filing showed a $357,881.00 profit during the 3rd quarter of 2013. Nitro is taking another step in its ongoing Shawnee, OK. based oil and natural gas company. Nitro is focusing on onshore properties to create the premier, high return, growth oriented resources in Oklahoma. Nitro expects to be able to boost production in 2014 by 50% in daily production by establishing competitive advantages including infield drilling development, behind pipe reserves, and proven producing acquisitions. We think it's a terrific move and will really focus on making Nitro one of the best small growth companies in the oil industry.
Nitro Petroleum Incorporated: Update on Elmo #2
Marketwire - Wed Jan 08, 8:12AM CST
Nitro Petroleum Incorporated (OTCBB: NTRO) is announcing that a well they own interest in is preparing to spud today, 1-7-2014, named the Elmo #2 located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres to the northwest of the proposed location. The drilling contractor is Walker Brothers Drilling Inc., Rig #17, which started moving in tools Saturday, 1-4-2014, and commenced drilling today, 1-7-2014. Drilling started with a 12 1/4" surface hole with 8 5/8" surface casing being proposed to be set @ 710'. A 7 7/8" production hole will be drilled with the ultimate goal of setting 4 1/2" production casing through the zone of interest. Nitro Petroleum Incorporated will announce further updates of the drilling of the Elmo #2 as it becomes available.
Nitro Petroleum Inc.-News Release: Elmo 2 Update
Marketwire - Fri Jan 03, 9:28AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) has just attained a Working Interest in a well named the Elmo #2 with a proposed spud date of 1-8-2014. The well is located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres just to the northwest of the proposed location with production from the offset accumulating over $2,000,000 in a mere 8 month production period. Walker Brothers Drilling Company will be moving in to drill the Elmo #2 January 4, 2014. We will keep you posted on the drilling progress.
Nitro Petroleum Inc.: Update on Giant 2-21
Marketwire - Thu Jan 02, 9:00AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) is announcing an update on the ongoing completion on their Giant #2-21 in Section 21-2N-8W, Stephens County, Oklahoma. Nitro Petroleum Inc. has been able to generate an IP of 40 barrels of oil per day for the first two weeks with 50+ MCFG per day with no water from the Upper & Lower Sears Sands. The well has produced oil & gas through the continuing completion process and we will keep everyone informed as the well continues to establish a level production rate.
Nitro Petroleum Inc.: News Release Mr. Bill #1
Marketwire - Mon Dec 30, 12:21PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) is announcing an update on its Working Interest in a well recently drilled and logged on December 20, 2013 named the Mr. Bill #1 located in the SW of the NW of the NW of the SW/4 of Section 27-T20N-R1W in Noble County, Oklahoma. Production casing has been run and cemented through the primary zones of interest including the Misener Sand, Mississippi Limestone, and the Cleveland Sand, therefore perforating and testing is expected to initiate starting the month of January, 2014. All three of the zones just listed produce in the immediate area and are known to be viable producers. Logs indicate these zones could produce substantial quantities of oil and gas. Nitro Petroleum Inc. will post updates as the completion process continues as information becomes available.
Nitro Petroleum Inc.: News on Elmo #2
Marketwire - Thu Dec 19, 8:03AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) has just attained a Working Interest in a well named the Elmo #2 with a proposed spud date of 1-8-2014. The well is located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres just to the northwest of the proposed location with production from the offset accumulating over $2,000,000 in a mere 8 month production period. Again, Nitro Petroleum Inc. will announce the initiation of drilling of the Elmo #2 in early January of 2014.
Nitro Petroleum Inc.: Drilling Mr. Bill #1
Marketwire - Wed Dec 18, 9:28AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) is pleased to announce it has recently acquired a Working Interest in a well named the Mr. Bill #1 located in the SW of the NW of the NW of the SW/4 of Section 27-T20N-R1W in Noble County, Oklahoma. The well spudded 12-16-2013 with the primary target reservoir being the prolific sand producer named the Misener Sand with a secondary target reservoir being the Cleveland Sand which the well location is virtually in the north boundary of a producing Cleveland Sand Field. Cleveland Sand production adjacent to the drill site has accumulated oil in the range of 26,000 to 33,000 barrels of oil per well. Nitro Petroleum Inc. will post updates to the drilling of the well as information becomes available.
Nitro Petroleum Inc.: News Release Giant 2-21
Marketwire - Wed Oct 30, 9:18AM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) has recently perforated their Giant #2-21 in Section 21-2N-8W on Thursday, (10-17-13) in the Upper Sears Sand, 6566' to 6576' (10'), and in the Lower Sears Sand, 6680' to 6730' (50'). On the following Monday, 10-21-2013, Nitro performed an acid breakdown with 1500 gallons of 15% HCL on their well. Tuesday, 10-22-2013, Nitro swabbed all of their acid breakdown fluid (including water flush) with an encouraging 40 barrels of oil with 320# of shut-in gas pressure entering into the borehole after being shut-in overnight. Subsequently Tuesday afternoon, Nitro fracture treated the Giant #2-21 with 600 barrels gelled 4% KCL water and 10,000# of 20-40 sand allowing the well to be shut-in after treatment overnight till Wednesday. Wednesday, Thursday and Friday, (10-23, 24 & 25-13), Nitro installed the pump jack, ran rods & tubing, ran down hole pump, and set up the tank battery. Monday, (10-28-13), Nitro finished installing the flow lines, and installed the electric lines to totally equip the Giant #2-21. Tuesday, (10-29-13), Nitro started pumping the well back @ 9:30 AM and Nitro expects to have stabilized results within 15 days. As of today, the well has performed very well through the completion process and we will keep everyone informed as the well starts producing oil & gas.
Nitro Petroleum Incorporated: 3rd Quarter Filing Correction
Marketwire - Wed Jan 15, 3:31PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) announces a change in net profit for the 3rd quarter filing. Due to a correction in our accounting, Nitro Petroleum Inc. shows a net profit of $189,666.00. We apologize for any inconvenience.
Nitro Petroleum Inc.: Elmo 2 Update
Marketwire - Tue Jan 14, 4:03PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) participation in the Elmo #2 well has finished drilling and logging. Based off logs, we are flat on structure to the Elmo #1 and in the same sand bar. Pipe was set to a depth of 3,540 feet. We anticipate the Elmo #2 to be comparable to the Elmo #1. We expect to complete the Elmo #2 on or before January 24, 2014. We will keep you posted as soon as the results are available.
Nitro Petroleum Inc.: 3rd Quarter Update
Marketwire - Thu Jan 09, 7:01AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) 3rd Quarter filing showed a $357,881.00 profit during the 3rd quarter of 2013. Nitro is taking another step in its ongoing Shawnee, OK. based oil and natural gas company. Nitro is focusing on onshore properties to create the premier, high return, growth oriented resources in Oklahoma. Nitro expects to be able to boost production in 2014 by 50% in daily production by establishing competitive advantages including infield drilling development, behind pipe reserves, and proven producing acquisitions. We think it's a terrific move and will really focus on making Nitro one of the best small growth companies in the oil industry.
Nitro Petroleum Incorporated: Update on Elmo #2
Marketwire - Wed Jan 08, 8:12AM CST
Nitro Petroleum Incorporated (OTCBB: NTRO) is announcing that a well they own interest in is preparing to spud today, 1-7-2014, named the Elmo #2 located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres to the northwest of the proposed location. The drilling contractor is Walker Brothers Drilling Inc., Rig #17, which started moving in tools Saturday, 1-4-2014, and commenced drilling today, 1-7-2014. Drilling started with a 12 1/4" surface hole with 8 5/8" surface casing being proposed to be set @ 710'. A 7 7/8" production hole will be drilled with the ultimate goal of setting 4 1/2" production casing through the zone of interest. Nitro Petroleum Incorporated will announce further updates of the drilling of the Elmo #2 as it becomes available.
Nitro Petroleum Inc.-News Release: Elmo 2 Update
Marketwire - Fri Jan 03, 9:28AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) has just attained a Working Interest in a well named the Elmo #2 with a proposed spud date of 1-8-2014. The well is located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres just to the northwest of the proposed location with production from the offset accumulating over $2,000,000 in a mere 8 month production period. Walker Brothers Drilling Company will be moving in to drill the Elmo #2 January 4, 2014. We will keep you posted on the drilling progress.
Nitro Petroleum Inc.: Update on Giant 2-21
Marketwire - Thu Jan 02, 9:00AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) is announcing an update on the ongoing completion on their Giant #2-21 in Section 21-2N-8W, Stephens County, Oklahoma. Nitro Petroleum Inc. has been able to generate an IP of 40 barrels of oil per day for the first two weeks with 50+ MCFG per day with no water from the Upper & Lower Sears Sands. The well has produced oil & gas through the continuing completion process and we will keep everyone informed as the well continues to establish a level production rate.
Nitro Petroleum Inc.: News Release Mr. Bill #1
Marketwire - Mon Dec 30, 12:21PM CST
Nitro Petroleum Inc. (OTCBB: NTRO) is announcing an update on its Working Interest in a well recently drilled and logged on December 20, 2013 named the Mr. Bill #1 located in the SW of the NW of the NW of the SW/4 of Section 27-T20N-R1W in Noble County, Oklahoma. Production casing has been run and cemented through the primary zones of interest including the Misener Sand, Mississippi Limestone, and the Cleveland Sand, therefore perforating and testing is expected to initiate starting the month of January, 2014. All three of the zones just listed produce in the immediate area and are known to be viable producers. Logs indicate these zones could produce substantial quantities of oil and gas. Nitro Petroleum Inc. will post updates as the completion process continues as information becomes available.
Nitro Petroleum Inc.: News on Elmo #2
Marketwire - Thu Dec 19, 8:03AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) has just attained a Working Interest in a well named the Elmo #2 with a proposed spud date of 1-8-2014. The well is located in the W/2 of the SE of the SW/4 of Section 8-T16N-R2E in Lincoln County, Oklahoma. The well is a shallow venture with the target formation being the Osage-Layton Sand with a proposed drilling depth of 3,600'. This is an established Osage-Layton Sand Field with excellent offset production located 40 acres just to the northwest of the proposed location with production from the offset accumulating over $2,000,000 in a mere 8 month production period. Again, Nitro Petroleum Inc. will announce the initiation of drilling of the Elmo #2 in early January of 2014.
Nitro Petroleum Inc.: Drilling Mr. Bill #1
Marketwire - Wed Dec 18, 9:28AM CST
Nitro Petroleum Inc. (OTCBB: NTRO) is pleased to announce it has recently acquired a Working Interest in a well named the Mr. Bill #1 located in the SW of the NW of the NW of the SW/4 of Section 27-T20N-R1W in Noble County, Oklahoma. The well spudded 12-16-2013 with the primary target reservoir being the prolific sand producer named the Misener Sand with a secondary target reservoir being the Cleveland Sand which the well location is virtually in the north boundary of a producing Cleveland Sand Field. Cleveland Sand production adjacent to the drill site has accumulated oil in the range of 26,000 to 33,000 barrels of oil per well. Nitro Petroleum Inc. will post updates to the drilling of the well as information becomes available.
Nitro Petroleum Inc.: News Release Giant 2-21
Marketwire - Wed Oct 30, 9:18AM CDT
Nitro Petroleum Inc. (OTCBB: NTRO) has recently perforated their Giant #2-21 in Section 21-2N-8W on Thursday, (10-17-13) in the Upper Sears Sand, 6566' to 6576' (10'), and in the Lower Sears Sand, 6680' to 6730' (50'). On the following Monday, 10-21-2013, Nitro performed an acid breakdown with 1500 gallons of 15% HCL on their well. Tuesday, 10-22-2013, Nitro swabbed all of their acid breakdown fluid (including water flush) with an encouraging 40 barrels of oil with 320# of shut-in gas pressure entering into the borehole after being shut-in overnight. Subsequently Tuesday afternoon, Nitro fracture treated the Giant #2-21 with 600 barrels gelled 4% KCL water and 10,000# of 20-40 sand allowing the well to be shut-in after treatment overnight till Wednesday. Wednesday, Thursday and Friday, (10-23, 24 & 25-13), Nitro installed the pump jack, ran rods & tubing, ran down hole pump, and set up the tank battery. Monday, (10-28-13), Nitro finished installing the flow lines, and installed the electric lines to totally equip the Giant #2-21. Tuesday, (10-29-13), Nitro started pumping the well back @ 9:30 AM and Nitro expects to have stabilized results within 15 days. As of today, the well has performed very well through the completion process and we will keep everyone informed as the well starts producing oil & gas.
