PRZOOM - /newswire/ -
Weleetka, OK, United States, 2011/05/09 - Tony Pistilli, managing Member at Synergy Oil, LLC reports on recent advancements for Synergy Oil's oil and gas leases - OilandGasReturns.com.
Tony Pistilli from Synergy Oil, LLC is very excited to finally get their drilling rig into their yard in Weleetka, OK. As you read this, the Synergy Oil crew is working diligently on the rig to prepare it to drill our first of this year. "Obviously this won't happen overnight. Our oil hands are working through Easter weekend to hopefully be online by, and reach our goal of the first week of May; as the state motto goes, Labor Omnia Vincit (Labor conquers all things)," says Tony Pistilli of Synergy Oil, LLC.
To this effect, Synergy Oil under Tony Pistilli's management has purchased all of the piping and casing drill up to a depth of 4,000 ft. "It's no secret that the price of oil is continuing to rise as we can all feel the bite at the gas station when we pay $4/gallon and higher. And as oil prices go up, pricing on piping and casing increase. Currently piping is &22 per foot, yet Jake Stewart, our field supervisor, found us a deal for $16 per foot, with an estimated savings of $24,000.," reports Tony Pistilli.
With this rig, Synergy Oil will be drilling the North Skinner Lease. If the first well that is drilled comes in at 200+ bopd as expected, Synergy will only move it down to the next spot on the formation. "As you can imagine, it's very costly and time consuming to break down, transport, and reassemble the rig to move it from site to site, so we are planning to minimize the distance it travels.," states Tony Pistilli of Synergy Oil, LLC.
About Synergy Oil, LLC
Synergy Oil, LLC (oilandgasreturns.com) is an Oklahoma Limited Liability Company. Synergy Oil was organized in 2009, by Tony Pistilli, a Member and Manager of the company. Synergy Oil is a developmental stage company operating as a diversified oil and gas investment fund. The Company raises funds for investment in oil and gas leases and projects and businesses that management considers to be emerging leaders in the oil and gas exploration and development industry, as well as in technologies and other business opportunities with synergistic applications in that industry.
Synergy Oil has earned and maintained a reputable and a well-deserve A grade rating with the Better Business Bureau (BBB) for many consecutive months to date.