Two of Team Resources’ Kansas Wells Hit Oil and Gas
Posted on March 26, 2008 – 9:27 am | by oilandgaspress.com
Team Resources’ Direct Participation Program Natural Gas & Oil Choice Development Fund I, L.P. Will Soon Begin Oil and Gas Production
VENTURA, Calif.–(BUSINESS WIRE)–Team Resources, Inc. an independent oil and gas company is excited to announce that its limited partnership Natural Gas & Oil Choice Development Fund I, L.P., will soon begin oil and gas production in Kansas.
Team Resources’ Direct Participation Program, Natural Gas & Oil Choice Development Fund I, L.P., discovered oil and gas at their Schomaker #2 and Ford #3-13 wells located on the eastern edge of the famous Hugoton Gas Field in southern Kansas.
“Production casings have been set and we are now waiting on the completion rig before we can put these wells into production. We expect production to begin by May, and participants can expect revenue distributions by late summer” said Kevin A. Boyles, President & CEO of Team Resources and General Partner of Natural Gas & Oil Choice Development Fund I, L.P.
Drilling has now begun on the Smith #3-26. If drilling results are successful with this well, the Company expects to begin oil and gas production by June, with revenues to follow soon after.
About Team Resources, Inc.
Team Resources, Inc, a Ventura California based oil and gas company, was founded in 2002 by Mr. Kevin A. Boyles. The Company, with over 100 years combined experience in oil and gas, specializes in developmental drilling and production of ‘Proven Under Developed’ reserves. Team Resources sponsors Direct Participation Programs for accredited individuals to have direct ownership, entitling them to cash flows generated by these development sites. All of the Company’s Programs offer Federally Approved “flow through” Tax Benefits directly to the participants. Team Resources through its offices in Houston, Texas, manages various projects in development and production in California, Kansas, Louisiana, Oklahoma and Texas. To learn more about Team Resources, Inc. visit: www.TeamResources-Inc.com
Contacts
Team Resources, Inc.
Kevin A, Boyles, 805-644-6808
President & CEO
kboyles@TeamResources-Inc.com
www.TeamResources-Inc.com
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Tags: Hit, Kansas, Oil and Gas, wells
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