DonRay Petroleum, LLC, a privately held oil and gas company located in Oklahoma City, today announced that drilling will begin on the four well Joint Venture Grace #50, 51, 52, 53 in a new location and area of interest section 16-24N-1W, Noble County, Okla.
The wells will penetrate the Hoover, Elgin, Endicott, and Tonkawa Sand Stone formations, all of which have produced in the area. This will provide less risk of failure and more upside rate of return on investment potential.
“Having four opportunities for production in each well drilled is a much more comfortable position than just one opportunity per well drilled. I’m excited for the investors and the company,” said Ray Corbitt Jr., president and joint venture manager of DonRay Petroleum, LLC.
Drilling is scheduled to begin soon and production is forecasted to begin in August or September 2019.
About DonRay Petroleum, LLC
DonRay Petroleum, LLC is a privately held company that engages in Joint Ventures with private investors for the purpose of oil and gas exploration, production, operating and return on investment.
DonRay Petroleum, LLC secures the services of professionals such as exploration companies, geologists, petroleum engineers, landmen, drilling, completion and production consultants, attorneys and accounting firms specializing in oil and gas. DonRay Petroleum, LLC was founded in 2004 in Oklahoma City by Ray Corbitt, Jr. and is a privately held company.
To learn more, go to http://donraypetroleum.com or call toll-free (866) 525-8202.
Production and market prices may vary from month to month, therefore, DonRay Petroleum, LLC is not liable for production, future production or market prices. The press release for DonRay Petroleum, LLC is published for information purposes only. During the development of this press release, every effort has been made to provide only the most current, accurate and clearly expressed information possible. The data and information provided on our press release is for personal non-commercial usage. Neither the information or data presented on this site constitutes a solicitation or offer by DonRay Petroleum, LLC to buy or sell any products or services of any kind or to provide any investment advice or services. Additionally, DonRay Petroleum, LLC disclaims any responsibility for errors or typos and the accuracy of any information found on third party websites. DonRay Petroleum, LLC does not provide specific investment advice to any individual reviewing our website.
Company Name: DonRay Petroleum, LLC
Contact Person: Ray Corbitt, Jr.
Email: Send Email
Address:2525 NW. Expressway, Suite 640
City: Oklahoma City
State: Oklahoma 73112
Country: United States