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DonRay Petroleum, LLC Announces Completion of the DRP Grace #49 Well

DonRay Petroleum, LLC, a privately held oil and gas company located in Oklahoma City, today announced the completion of the DRP Grace #49 joint venture well in Noble, County, Okla.

OKLAHOMA CITY - April 27, 2014 - PRLog -- Oklahoma City, Okla. - The DRP Grace #49 well began production in December 2012 at approximately seven barrels of oil, 58,000 cubic feet of gas and 200 barrels of salt water per day then quickly settled to approximately three barrels of oil, 20,000 cubic feet of gas and 100 barrels of salt water per day. In March 2012, the well was recompleted.

As of the end of January 2014, the production has settled to approximately three to four barrels of oil and 7,000 cubic feet of gas per day and 900 barrels of salt water per day.

“The well has had three completions performed on it and may or may not improve as the fluid level lowers by continually pumping the well,” said Ray Corbitt Jr., president and joint venture manager of DonRay Petroleum, LLC. “This well is off structure or downdip from some of the more successful producers in the area.”

About DonRay Petroleum, LLC
DonRay Petroleum, LLC is a privately held company that engages in Joint Ventures with private investors for the purpose of oil and gas exploration, production, operating and return on investment.

DonRay Petroleum, LLC secures the services of professionals such as exploration companies, geologists, petroleum engineers, landmen, drilling, completion and production consultants, attorneys and accounting firms specializing in oil and gas. DonRay Petroleum, LLC was founded in 2004 in Oklahoma City by Ray Corbitt, Jr. and is a privately held company.
To learn more, go to http://donraypetroleum.com or call toll-free (866) 525-8202.

Attn: Ray Corbitt, Jr.

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Source:DonRay Petroleum, LLC
Location:Oklahoma City - Oklahoma - United States
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