The water flood injection method employed here injects water back into a reservoir to increase pressure and stimulate oil production. The injections of water come from strategically placed wells and pumps that wash the trapped oil out of the formation towards the producing wellbores. The effectiveness of this technique is demonstrated when the presence of oil and water appear in the targeted production wells.
"Management is extremely pleased to announce that our strategic drilling methods have been validated," stated Mr. McAndrew, CEO of Xtreme Oil & Gas. "The communication amongst our wells signals that we are rapidly approaching significant oil extraction from our West Thrifty Texas location. The drilling site is currently 1,200 acres and has previously produced over 8 million barrels of oil. In keeping with our strategic drilling initiatives, we expect to begin oil production from this site in late February."
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