American Standard Energy Corp. released an update on its oil and gas activity in the United States during the final quarter of 2011. The company is actively drilling and completing wells on its properties in West Texas.
American Standard Energy Corp. reached total depth on 16 wells drilled in the Permian Basin during the fourth quarter of 2011. The company also completed an additional seven wells and increased gross production by 678 barrels of oil equivalent per day.
American Standard Energy Corp. is targeting various oil bearing formations in the Permian Basin, including the Strawn, Clearfork, Spraberry, Wolfberry and Wolfcamp zones. The company has 6,500 net acres under lease in this area.
American Standard Energy Corp. operated three drilling rigs in the Permian Basin during the most recent quarter and has scheduled four additional completions for January 2012. The company maintains its drilling and completion operations in association with Cambrian Management, a consulting firm headquartered in Midland, Texas.
American Standard Energy Corp. has prospective acreage in two other onshore areas of the United States. The company has 32,300 net acres exposed to the Bakken and Three Forks formations in North Dakota and 1,200 net acres prospective for the Eagle Ford Shale in Texas.
For more information on the company, go to www.asenergycorp.com
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