Applied Innovation: Warren Resources Resumes Drilling In Wilmington Townlot
April 21, 2010 (FinancialWire) — Warren Resources, Inc. (NASDAQ: WRES) has resumed drilling operations in the Wilmington Townlot Unit (WTU) in California.
The first new horizontal well (WTU No. 2171) was spudded on April 15, 2010 and will target oil production from the Tar formation. This will be the first horizontal Tar formation well drilled in the Northwest extension of the WTU.
This is the first of eight Tar formation oil wells that are currently planned to be drilled during the second and third quarters of 2010. The WTU No. 2171 well is being directionally drilled to a total measured depth of approximately 5,300 feet. Warren anticipates that the drilling and completion operations for this well will take approximately two weeks.
Warren Resources, Inc. is an independent energy company engaged in the exploration and development of domestic oil and natural gas reserves. Warren's activities are primarily focused on oil in the Wilmington field in California and natural gas in the Washakie Basin in Wyoming. The company is headquartered in New York, New York, and its exploration and development subsidiary, Warren E&P, Inc., has offices in Casper, Wyoming and Long Beach, California.
Streaming Research for all companies mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
[frlylrf] [olgssglo] [bsnnssb] [exxpndgbsns] [nnvtntvn]
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.