Texas Oil Co has initiated a new drilling program in New Mexico, according to Rigzone. The program involves the development of 92 horizontal wells, marking a substantial expansion of the company's operations in the region.
The initial phase of this extensive program has already begun, with the first three horizontal wells currently being drilled. This marks a key milestone for Texas Oil Co's operational strategy.
EON CEO Dante Caravaggio commented on the significance of these initial wells, stating that the commencement of drilling for the first three horizontal wells is highly impactful for the company.
The program's focus on 92 horizontal wells suggests a strategic effort to enhance oil production capabilities in New Mexico. This development is expected to contribute to the region's energy output.
