Verde Bio: Well Count Continues to Rise; New Drilling Begins on Company Properties
As oil and gas commodity prices remain at consistently elevated levels, new oil and gas wells on the company’s properties equate to increased revenues for Verde Bio and its investors, and do not require any additional investment by the company.
- The company is seeing significant growth on its Haynesville Shale acreage, where Southwestern and Chesapeake continue development at a rapid pace.
- Verde Bio also recently received notices of multiple multi-unit horizontal wells in Desoto Parish, LA.
- The Permian Basin is active with SEM continuing to drill and bring new wells online and Ovintiv and their continued development of the company’s Howard County, Texas acreage.
- Verde Bio is diligent in buying properties at attractive prices and in optimal areas.
Verde currently has a total of approximately 421 active wells on its acreage across seven states. The company continues to pursue an uplisting to a major exchange to unlock value and reflect Verde Bio’s core focus on energy.