EL RENO, Okla., Jan. 4 /PRNewswire-FirstCall/ -- Environmental Energy Services, Inc. announced today that the previously touted well on the Lansing Sands should be completed later this week and they expect to be delivering fuel by the end of next week. Once production begins, it is estimated to deliver an average of 500,000 cubic feet of natural gas per day.
"It took us longer than expected to complete the well due to winter weather, but considering this is our first natural gas well, I am very pleased with the results," stated A. Leon Blaser, EESV Chairman and CEO. "We are planning for this to be the first of many successful drilling projects for 2006."
Due to the high pressure of the gas in the Lansing Sands, EESV has decided to delay gas extraction from the Keyes Sands so that they do not interfere with the high yield out of the Lansing Sands. EESV plans to pursue the Keyes Sands in the future.
EESV also plans to announce a new drilling program shortly with drilling to commence in Q2 2006. The first well will be located in Louisiana where the leases have already been obtained.
About EESV
Founded in 2001, Environmental Energy Services, Inc. is an environmental resources company focused on Energy and Solid Waste Management, spear-heading those industries with a combination of recognized experience and patented cutting-edge technology. Currently based in El Reno, Oklahoma, EESV has locations and projects throughout North America.
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and EESV undertakes no obligation to update or revise these forward-looking statements.
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