EnerJex Resources, Inc. has commenced natural gas production under a new improved purchase contract in Morgan County, Colorado, where the Company owns a 100% working interest in approximately 19,000 acres covering the majority of Adena Field.

EnerJex has successfully initiated production from certain D-Sand wells in Adena Field at a rate of approximately 500 thousand cubic feet (MCF) of liquids-rich natural gas per day. This equates to approximately 100 barrels of oil equivalent (BOE) per day based on an energy equivalent ratio of 6 MCF per barrel of oil and an expected yield of 1.4 gallons of natural gas liquids per MCF. Commencement of this production was achieved at virtually no cost to the Company.

Tags: EnerJex Resources