Hinto Energy Reports 88% Increase in Oil and Gas Sales, Year Over Year
Hinto Energy Inc. (OTCQB:HENI) announced its operational results for the three and six months ending June 30, 2014. Hinto reported oil and gas sales of $163,339 for Q2 and sales of $191,339 for the first half of the year, amounting to an 88 percent increase over the comparable period in 2013.
As quoted in the press release:
The Company brought one additional well into production at the beginning of third quarter, and has commenced re-work efforts to bring one more well into production before the end of the third quarter at the Mason Lakes Oil Field. In addition, the Company is in the process of reworking several wells at its Utah property. The results of those operations are expected to be announced late in the third quarter of this year.
Hinto Energy CEO, George Harris, said:
We are pleased to announce that our second quarter sales are a result of the significant enhancements we’ve made to the producing wells in our Mason Lakes oil field, located in Musselshell County, Montana. Management continues to focus on expanding oil production from our Montana operations, through the acquisition of new production and the drilling of new wells.