sur Jericho Energy Ventures Inc. (CVE:JEV)
Jericho Energy Ventures Boosts Production and Efficiency in Oil & Gas Revitalization
Jericho Energy Ventures Inc. has reported promising results from its oil and gas revitalization program in Oklahoma. Led by Jake Royster, the initiative increased production at the Oaktree wells by 25% as of mid-April 2025. The company is advancing to the next phase, focusing on uncompleted wells and leveraging behind-pipe natural gas for powering AI data centers.
Cost efficiencies are a highlight, with a 20% reduction in field operating expenses in Q1 2025. This trend is expected to continue with ongoing production optimizations. Jericho has also applied for an Oklahoma tax rebate for secondary recovery projects.
CEO Brian Williamson emphasizes the alignment of their energy strategy with future infrastructure demands. The company holds significant interests across various formations in Oklahoma.
R. P.
Copyright © 2025 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de Jericho Energy Ventures Inc.