Currently there are 700 acres of First America Energy's 2300 acre Independence Field lease, located west of Lewis Run in Lafayette Township, McKean County, Pennsylvania, that have 84 wells in various states and 50 new drill sites.
Our first 5 wells tested increased production 200%. These wells have sat for the better part of 10 years without any proper maintenance. With new technologies and enhanced oil recovery methods, the existing wells have the potential production of 61,500 barrels per year or more.
We are in the planning stage of selecting the first 10 sites to drill new wells.