Pantheon Revives Texas Gas Well In Positive Market

December 5, 2018

 

Britain’s Pantheon Resources says it has enough faith in the markets that its reactivating a Texas gas well that’s been out of action for two years.

The VOS #1 well was extensively cleaned, the company said, and was connected to the Enterprise pipeline system last month, now pumping 2,000m cubic feet of gas per day with a trace of oil.

CEO Jay Cheatham said, “With today’s strong gas prices,the well can generate valuable cash flows for Pantheon.”