Mammoth Energy Group Inc. announced today that its wholly owned subsidiary, United Gas OK, Inc., has signed a project management and drilling contract with United Producers, Inc. to drill the first three wells in its shallow gas project in Noble County. These will be the first of approximately 60 wells the company hopes to drill on the property.
Management anticipates that these three wells should be on-line by the first of the year and should bring the natural gas production to an average of just over 150 thousand cubic feet per day.
United Gas has a 75 percent net revenue interest in the field on over 1,400 net acres in Northeastern Oklahoma. This project has tremendous upside since it is located on a shallow, limestone blanket gas field where nearly every well drilled produces.