Wedgemount Resources announces key progress in West Central Texas oil and gas operations

Proactive - Interviews for investors

Wedgemount Resources CEO Mark Vanry joined Steve Darling from Proactive to provide an operational update on the company’s West Central Texas oil and gas assets. Vanry highlighted significant advancements in Wedgemount’s enhancement and remediation program for the recently acquired producing oil and gas assets, known as Huggy, located in West Central Texas. As part of the operational improvements, the company has repaired and replaced natural gas transmission flow lines where necessary, allowing for gas sales to third-party purchasers. This marks a critical step toward optimizing production and monetizing resources. Additionally, certain gas wells have been reclassified as oil wells with the Texas Railroad Commission (RRC) following successful chemical treatments that enhanced oil production rates. Wedgemount also completed required compliance work with the RRC, which included well testing and ensuring adherence to operational regulations. Vanry noted that the company has initiated chemical treatments for wells, formations, and surface facilities, with plans to continue this program throughout 2025 to sustain and enhance production capacity. One major milestone is the optimization of the Davis lease wells, which are now producing at rates above historical initial production (IP) levels. Management anticipates these wells will maintain strong production throughout fiscal year 2024, with projected output exceeding 20 barrels per day (bbls/day) in the first quarter of 2025. Looking ahead, Wedgemount’s operational focus for 2025 includes ongoing maintenance chemical treatments across all leases to maximize reserve recovery and extend the productive life of its assets. The company remains committed to sustainable and efficient operations, ensuring both compliance and long-term profitability. Vanry commented on the progress, stating, “Our team’s efforts to enhance and optimize the Huggy oil and gas assets have yielded excellent results so far. With improvements to infrastructure, successful chemical treatments, and robust compliance measures in place, we’re well-positioned to achieve sustained production growth and further unlock the value of these assets. #proactiveinvestors #westmountreosurcescorp #cse #wdgy #otcqb #wdgrf #OilAndGas #TexasEnergy #HuggyAcquisition #ChemicalOptimization #DavisWells #EnergyInvesting #2025Goals #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews