Southlake Resources announce successful production at the Betty Betz Well in Kansas

Source: Southlake Resources

Southlake Resources Group along with JBH Consulting Group announced today that production is now underway on its new oil well on the Betty Betz Lease in Ness County, Kansas.

The well is currently producing between 42-48 barrels of oil per day with minimal water.

The Betty Betz well was completed in late September with great results. During the first few days on pump, the well showed potential of producing well over 120 Barrels of Oil per day. The operator, along with the interest owners, decided for long-term reasons to produce the well at or around the 50 BO per day mark.

The well is one of several working interest positions both companies have in the area with Palomino Petroleum as their operator.

Cody M. Winters, President of Southlake Resources Group, said "I continue to be pleased with the drilling results and operating cost efficiencies we have experienced here. This type of success confirms our strategy to remain focused on developing this area of the central Kansas Uplift."

JBH Consulting Group President Brian Hudnall stated, "We expected this well to be a good one, but now that we are receiving initial flow data and production is underway, we feel even better about this particular prospect. Our business strategy moving into 2013 is to continue to develop the Central Kansas area with Palomino Petroleum."

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