RAM Energy Resources, Inc. issued an operations update on its oil and gas activities at various domestic basins. The company is active mostly in Oklahoma and Texas.
RAM Energy Resources, Inc. has interests in leases in Osage County, Oklahoma, where the company previously drilled the Mashunkashey #1 well. Although this well was deemed to be non-commercial in the Mississippi Chat and Arbuckle Formations, the company now plans to test out the Skinner Sand in this wellbore.
RAM Energy Resources, Inc. has performed seismic analysis of 16,000 acres in Osage County and plans to shoot additional seismic on another 16,000 acre tract in this concession area.
RAM Energy Resources, Inc. recently drilled the Surber #1 in Osage County, and reported that this well had initial production of 80 barrels of oil per day and is currently producing as much as 50 barrels of oil per day.
RAM Energy Resources, Inc. has interests in oil and gas leases in the Electra/Burkburnett area in Texas. Development of this area was delayed during the second quarter of 2010 by wet weather that interfered with the transportation of necessary equipment to various well sites. The company reports that activity has resumed at the Electra/Burkburnett area and RAM Energy Resources, Inc. is continuing to recomplete wells at this site.
For more information on the company, go to www.ramenergy.com
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