- Stonehorse Energy (SHE) progresses work at the Jewell Well in Oklahoma
- Well operator Black Mesa Energy has executed a deal with Liberty Oilfield Services for the supply of equipment and personnel to complete the well
- Liberty is reportedly the second largest oil services business in North America
- The equipment and personnel are expected onsite by the end of the month
- Stonehorse Energy shares closed at 2.5 cents on July 20
Stonehorse Energy (SHE) is progressing work at the Jewell Well in the Anadarko Basin within the US state of Oklahoma.
The company bought a working interest in Jewel back in February after successfully raising $5 million towards the purchase through a share placement to sophisticated investors.
The well’s operator Black Mesa Energy has since executed a master services agreement with Denver-based Liberty Oilfield Services for the supply and operation of equipment and personnel to complete the well.
Liberty acquired the completions business of Houston oil giant Schlumberger in December, reportedly making it the second largest oil services business in North America.
The completion equipment and personnel are expected at Jewel by the end of the month, with production and sales to follow soon afterwards.
Shares closed at 2.5 cents on July 20, 2021.