Ecoark’s Investee, Fortium Holdings Corp., Announces that White River Subsidiary Successfully Completes Workover Project in the Austin Chalk
The Deshotel Well was originally drilled and completed by White River in early 2021 as an open-hole lateral Austin Chalk oil and gas well (see press release here ).
- The Deshotel Well was originally drilled and completed by White River in early 2021 as an open-hole lateral Austin Chalk oil and gas well (see press release here ).
- The initial results of the workover procedure have greatly exceeded expectations with over a 500% increase in current production rates being realized at the Deshotel Well.
- As previously announced, White River is currently conducting a drilling project at the Harry ONeal 20-9 No.
- Furthermore, White River was recently sold by Ecoark to Fortium in exchange for $30,000,000 of non-voting convertible preferred stock.