In American Oil and Gas Reporter, the news of Wheeler Resource Recovery’s breaking of ground on its eleventh two-well package in its historically successful waterflood project in Madison County, Texas is discussed. Wheeler’s president, Kevin Thibeau, shares his thoughts on the importance of the project.
BENBROOK, TX. – Wheeler Resource Recovery announces it has broken ground on its eleventh two-well package in its historically successful waterflood project in Madison County, Tx.
The package is one of 27 planned for the project. The company says each package gives accredited investors from outside the industry a way to invest in oil and gas development that combines low risk with high rewards.
“The Madison County waterflood project is shaping up to become the best field development we have conducted in our 50 years as a company,” says Kevin Thibeau, Wheekler’s president. “As economic stability returns and tax season approaches with the year’s end, it is a timely opportunity for investors to revise whether ana oil and gas investment is right for them.”
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