Wright Drilling & Exploration Discovers Another New Oil Field in Oklahoma

SEMINOLE COUNTY, Okla., September 13, 2018 (Newswire.com) - Wright Drilling & Exploration, Inc. announced today the successful drilling and testing of their latest oil well project, DEACON #1, located in Seminole County, Oklahoma.

Wright Drilling & Exploration started drilling this well on Aug. 1, reached its total depth on Aug. 16 and started testing the wellbore at 3:30 a.m. the next morning. The mud logs looked good throughout the drilling of the DEACON #1 and the electronic logs testing confirmed the presence of oil and natural gas in four of its payzones. DEACON #1 is now going into its completion phase and preparing for its oil and gas production.

I am very excited and pleased with the log results of this well as its named after my grandson Deacon Thomas Cartwright. It gives me great pleasure knowing that his name will be attached to the monthly production from this well for many years to come.

Michael W. Wright, Chairman and Chief Executive Officer

"I am very excited and pleased with the log results of this well as its named after my grandson Deacon Thomas Cartwright. It gives me great pleasure knowing that his name will be attached to the monthly production from this well for many years to come," says Michael W. Wright, Chairman and Chief Executive Officer of Wright Drilling & Exploration.

Wright Drilling & Exploration continues to expand its leaseholds and oilfields in the states of Oklahoma, Kansas, and Texas. Overall, Wright Drilling & Exploration has several successful oil fields with wells producing sweet crude, natural gas, and in some locations both oil and gas simultaneously.

Source: Wright Drilling & Exploration, Inc.