American Energy Resources, an established industry leader in the mid-continent region for oil and gas exploration and processing, announced today an initiative to drill and test seven new oil wells in Graham County, Kansas. These prospects called the Bessie May Development are a result of American Energy Resources technologically advanced high-resolution 3-D seismic surveying.

“Technology is changing our industry to create more efficient and successful prospecting,” said Donald H. Allen, president and founder of American Energy Resources. “Our 3-D seismic mapping technology can help us drill smarter which streamlines our resources and generates better, faster results.”

The Bessie May development is a potentially significant field discovery according to the large seismic structure and surrounding well data. In addition, the High Hill prospect component of this project has had over 16 million barrels of oil produced from surrounding wells.

“Our corporate commitment is to shore up one of America’s most precious resources and drill for American oil from American soil,” noted Allen. “We hope this development will find success and capitalize on the impending increases in the price of oil.”

About American Energy

American Energy Resources is an independently owned and operated oil and gas company that delivers its investors a mitigated risk environment by drilling in known productive areas and using the highest level of technology available. Headquartered in Colorado Springs, Colo., American Energy Resources’ oil and gas exploration ventures have historically focused in the Denver-Julesburg Basin in Colorado and Nebraska. Recent expansion initiatives include the acquisition of 35,000 acres in seven counties in the Central Kansas Uplift. H&M Petroleum Corp. is a subsidiary of American Energy Resources and conducts all oilfield operations in four states.

Source: Businesswire