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Hinto Energy Inc. (OTCMKTS:HENI) has achieved its highest monthly oil production in its operating history for October. The company currently has producing properties in Utah and Montana.
As quoted in the press release:
Hinto has continued to increase oil production over the last several months, as a result of the Company’s field development activities and acquisition efforts. The Company’s net oil production for October 2014 increased 758% compared to October 2013, with a 665% increase for the 10 month period ended October 2014 compared to the same period in 2013.
Hinto Energy CEO, George Harris, said:
We continue to look for ways to increase production from our existing assets, while also adding production through strategic acquisitions. The incremental increases in production we’ve seen at our Mason Lake Field in Montana and Cisco Fields in Utah are the result of enhanced recovery techniques being applied to older producing wells. We expect to continue to see improving results as we approach 2015, with the addition of the wells at Ragged Point, Montana and our Medina, Ohio assets. We believe the current turbulence in the oil marketplace is creating opportunities to acquire oil and gas properties on terms more favorable than have recently been available.
Click here to read the Hinto Energy Inc. (OTCMKTS:HENI) press release
Click here to see the Hinto Energy Inc. (OTCMKTS:HENI) profile.