Treaty Energy Corporation provided the results of the recently completed Mitchell #3 well in Tuscola, Texas and provided an update on the Mitchell #4 well and the Standard Lease operations.
On May 21, 2013, the Mitchell #3 was put into full production and is producing consistently between 25 to 30 barrels of oil per day (BOPD). Mitchell #3 concluded swabbing operations on May 13, 2013 and was assigned an initial production (IP) rate of 53 BOPD. As of June 4, 2013 the tank reading on Mitchell #3 is approximately, 19' 8" or 394 barrels of oil.
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