Citadel Expl Inc (COIL) 0.1926 $COIL
Citadel Exploration Announces Facility Upgrade Complete; New Drilling to Commence in 30 days
ACCESSWIRE - Mon Jun 06, 4:31PM CDT
NEWPORT BEACH, CA / ACCESSWIRE / June 6, 2016 / Citadel Exploration, Inc. (OTC: COIL) ("Citadel" or "the Company"
, a pure-play California oil company with operations in the San Joaquin Basin of California, is pleased to announce the completion of production and dehydration facility upgrades at the recently acquired Kern Bluff Oil Field. Additionally Citadel has filed permits for three new development wells, which are expected to be drilled, completed and on production in the next 45 days. These three wells coupled with the 8 shut-in wells that were recompleted by Citadel in the fourth quarter of 2015, should result in daily production of 150-200 gross barrels of oil per day. Citadel has a 100% working interest in the field and an 78% net revenue interest.
Citadel Exploration Announces Increased Production of 500% From Initial Return to Production Program
ACCESSWIRE - Wed Sep 16, 7:29AM CDT
NEWPORT BEACH, CA / ACCESSWIRE / September 16, 2015 / Citadel Exploration, Inc. (PINKSHEETS: COIL) ("Citadel" or "the Company", a pure-play California oil company with operations in the San Joaquin Basin of California, announced today that production at the recently acquired Kern Bluff Oil Field has increased from 8 barrels of oil per day (BOPD) at acquisition to over 50 BOPD as the result of performing two workovers in the field. The Company is currently completing six additional workovers, and expects to have all eight wells on production by the end of the month.
Citadel Exploration Announces Acquisition of Kern Bluff Oil Field for $2,000,000 and Six Million Shares of Common Stock
ACCESSWIRE - Tue Aug 04, 7:32AM CDT
NEWPORT BEACH, CA / ACCESSWIRE / August 4, 2015 / Citadel Exploration, Inc. (PINKSHEETS: COIL) (Citadel or the Company), a pure-play California oil company with operations in the San Joaquin Basin of California, announced today that it has acquired Kern Bluff Oil Field, which was discovered in 1947. The asset acquisition includes approximately 1,100 acres, production facilities, one well producing approximately 8 barrels of oil per day, and over 20 idle wells. Citadel believes a majority of the idle wells provide workover and recompletion opportunities in bypassed oil zones, and anticipates returning a portion of those wells to production in approximately the next 30 days.
Citadel Exploration Announces Facility Upgrade Complete; New Drilling to Commence in 30 days
ACCESSWIRE - Mon Jun 06, 4:31PM CDT
NEWPORT BEACH, CA / ACCESSWIRE / June 6, 2016 / Citadel Exploration, Inc. (OTC: COIL) ("Citadel" or "the Company"
, a pure-play California oil company with operations in the San Joaquin Basin of California, is pleased to announce the completion of production and dehydration facility upgrades at the recently acquired Kern Bluff Oil Field. Additionally Citadel has filed permits for three new development wells, which are expected to be drilled, completed and on production in the next 45 days. These three wells coupled with the 8 shut-in wells that were recompleted by Citadel in the fourth quarter of 2015, should result in daily production of 150-200 gross barrels of oil per day. Citadel has a 100% working interest in the field and an 78% net revenue interest. Citadel Exploration Announces Increased Production of 500% From Initial Return to Production Program
ACCESSWIRE - Wed Sep 16, 7:29AM CDT
NEWPORT BEACH, CA / ACCESSWIRE / September 16, 2015 / Citadel Exploration, Inc. (PINKSHEETS: COIL) ("Citadel" or "the Company"
, a pure-play California oil company with operations in the San Joaquin Basin of California, announced today that production at the recently acquired Kern Bluff Oil Field has increased from 8 barrels of oil per day (BOPD) at acquisition to over 50 BOPD as the result of performing two workovers in the field. The Company is currently completing six additional workovers, and expects to have all eight wells on production by the end of the month. Citadel Exploration Announces Acquisition of Kern Bluff Oil Field for $2,000,000 and Six Million Shares of Common Stock
ACCESSWIRE - Tue Aug 04, 7:32AM CDT
NEWPORT BEACH, CA / ACCESSWIRE / August 4, 2015 / Citadel Exploration, Inc. (PINKSHEETS: COIL) (Citadel or the Company), a pure-play California oil company with operations in the San Joaquin Basin of California, announced today that it has acquired Kern Bluff Oil Field, which was discovered in 1947. The asset acquisition includes approximately 1,100 acres, production facilities, one well producing approximately 8 barrels of oil per day, and over 20 idle wells. Citadel believes a majority of the idle wells provide workover and recompletion opportunities in bypassed oil zones, and anticipates returning a portion of those wells to production in approximately the next 30 days.
