Lazy jack

Principal Solar Announces Acquisition of Second Danbury Dome Project Lease and Positive Initial Production Results

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星期二, 七月 6, 2021
Energy conversion, Recycling, Water conservation, Oil well, Lazy jack, Lazy, Danbury, Connecticut, Articles, Cities in the United States, Inventions

The lease is part of the Danbury Dome and is the Companys second acquisition in its oil well recycling program project with partner Lazy Jacks Petroleum (Lazy Jacks).

Key Points: 
  • The lease is part of the Danbury Dome and is the Companys second acquisition in its oil well recycling program project with partner Lazy Jacks Petroleum (Lazy Jacks).
  • Additional details, including normalized production rates and the wells anticipated financial performance, are expected to be made available once the initial evaluation periods are complete.
  • Principal Solar is finalizing its capital plan for the next 18 months of the Lazy Jacks development partnership program.
  • Principal expects to complete 25 wells by the end of 2021 and an additional 75 by the end of 2022.

Principal Solar and Lazy Jacks Petroleum Execute Letter of Intent to Acquire, Redevelop, and Operate Orphan and Marginal Oil Wells

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星期四, 二月 25, 2021
Oil well, Lazy jack, Inventions, Science and technology, Economies

Relationship Expected to Deliver Texas Oilfield Experience, Knowledge, and Revenues to Principal Solar

Key Points: 
  • "Lazy Jacks' special focus of returning orphaned wells to profitable production status makes them a natural fit for Principal."
  • According to the terms of the Letter of Intent, Principal Solar and Lazy Jacks plan to work together to develop, promote, and sustain a market for the acquisition, redevelopment, and operation of orphaned, stripper, and abandoned oil and gas wells in the State of Texas.
  • Unless mutually agreed upon by both parties, Lazy Jacks will operate all wells.
  • Additionally, Lazy Jacks and Principal Solar have identified two projects totaling eight wells and two saltwater disposal wells, the price and terms for which will be determined at a later date.