en.Wedoany.com Reported - Wedgemount Resources Corp. (CSE: WDGY) (FSE: 8H5) has made progress in its production optimization project in west-central Texas, with current output reaching 125 barrels of oil equivalent per day, exceeding internal forecasts.
Despite extremely wet weather and challenging ground conditions in the region over the past few weeks, the company reports current production of 125 barrels of oil equivalent per day (boepd), surpassing its internal forecast as of June 1. The management team acknowledges the pace of production growth and the performance of the asset base to date. With ongoing upgrades to processing facilities, further increases in uptime are expected to boost oil and natural gas production.
Wedgemount's operations team is implementing a targeted surface facility improvement program aimed at enhancing equipment reliability, processing capacity, and overall efficiency. Current work priorities include restoring the McBeth injection well to full operation, tank infrastructure improvements, separator optimization including natural gas condensate, ongoing well optimization through chemical treatment, and upgrades and maintenance of compressors, flowlines, and water treatment facilities. These measures are expected to further support production growth and reduce downtime as the company continues to advance its development plan.
Mark Vanry, President of Wedgemount Resources Corp., stated that the team's focused efforts on surface facility improvements and well optimization are yielding results, and the company is committed to maximizing the performance of its asset base.
Wedgemount Resources is a junior natural resources company focused on maximizing shareholder value through the acquisition, development, and production of energy projects in the southern United States.
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