North American Drilling Corporation has successfully completed drilling operations and discovered crude oil near the town of Sweetwater, Texas.
Larry M. Koonce President and CEO in July of 2006 with headquarters in Plano
(1888PressRelease) April 02, 2012 - The president and CEO of North American Drilling Corporation, Larry Koonce, has announced a new discovery of crude oil after drilling a well over a mile into the earth near the town of Sweetwater, Texas, USA.
The company is presently attempting to complete the well and place it into production for the crude oil market in the United States. Production rates are not yet available, but the company remains optimistic as initial testing revealed high concentrations of crude oil in the oil to water ratios and the added presence of natural gas.
Once in production the company is planning on increasing the number of wells in the area with added new drills to expand and develop the large leasehold that it currrently holds. For more information about the company go to its website at: http://www.northamericandrillingcorp.com
About North American Drilling Corporation:
North American Drilling Corporation (NADC) is an independent producer of crude oil and natural gas, licensed by the State of Texas Railroad Commission as an oil and gas operator and is actively involved in drilling activities within the state of Texas, USA. NADC is a private company formed by experienced oilman Larry M. Koonce (President and CEO) in July of 2006 with headquarters in Plano, Texas USA.