Osage Exploration Announces Participation in Horizontal Mississippian Well with Devon Energy
SAN DIEGO--(BUSINESS WIRE)-- Osage Exploration and Development, Inc.(OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced today the spudding of the Hopfer 1-17H, a Horizontal Mississippian well, in Logan County, Oklahoma. The well, located in section 20-18N-3W, was spud on September 17th and is operated by Devon Energy Corporation (NYSE:DVN). Osage Exploration has a 14.6% Working Interest in the Hopfer 1-17H.
Mr. Kim Bradford, Chairman and Chief Executive Officer of Osage Exploration and Development, stated, "The Hopfer 1-17H is Osage's second well to be drilled during the month of September, and is located in the section adjoining our previously announced McPhail 2-18H. We are hitting the milestones for our two well-per-month drilling program, and are delighted to be participating in a well operated by Devon Energy, who we believe is one of the best in the business, as well as drilling alongside them."
Based in San Diego, California, with production offices in Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. and Colombia. http://www.osageexploration.com
Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading U.S.-based independent oil and gas producer and is included in the S&P 500 Index. http://www.devonenergy.com
Safe Harbor Statement
The information in this release includes certain forward-looking statements as defined by the Securities and Exchange Commission that are based on assumptions that in the future may prove not to have been accurate. Those statements and Osage Exploration and Development, Inc. are subject to a number of risks, including production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others.
Osage Exploration and Development, Inc.
Kim Bradford, President and CEO
Portage Equity Market Advisors, LLC
Jack Zedlitz, Managing Advisor
KEYWORDS: United States North America California Oklahoma
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