HNR Acquisition announces production increases from chemical treatment program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2024
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Chemical Stimulation Treatment Program: HNR Acquisition has initiated a chemical stimulation treatment program to enhance oil production by removing scale build-up in wells, starting with a pilot of 24 wells and planning to expand to 100 less optimal wells based on initial success.
Production Increase Results: The pilot program has shown promising results, adding over 80 barrels of oil per day (BOPD), with expectations to increase overall production by 250 BOPD by the end of 2024.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
