Houston, Texas, June 09, 2022 (GLOBE NEWSWIRE) — Church & Crawford Inc (CCWF) is an oil and gas exploration and production (E&P) company focused on proven fields exploited by well-managed independent oil companies extracting reserves at lower risk and lower cost than unproven prospects. We are focused on domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves.
REPORT OF CASH FLOWS FROM MARCH TO MAY 2022
- Gas well operations
| Natural Gas sold | $38,658.79 | |||
| Natural Gas Produced but remain unpaid, 21,600 mcf @ $2.30/mcf | $49,680.00 | |||
| Revenues from Gas wells | $88,338.79 | |||
| Account Receivable from working interest owners | $35,000.00 | |||
| Total number of gas wells producing | 12 | |||
| Numbers of wells waiting to go on Pipelines | 30 | |||
| Expected Production when all gas wells are producing, 40 wells | 1000 mcfd |
- Oil well Operations
| Oil sold | $33,284.29 | |||
| Oil on hand to be sold, 636 barrels @$94/bbls | $59,784.00 | |||
| Total Oil Revenue | $93,068.29 | |||
| Number of oil wells producing | 5 | |||
| Number of Oil wells awaiting production | 50 | |||
| Expected Oil Production from all Wells | 100 barrels per day |
The company’s recent activities contributed to the optimization and improvement of the company’s overall value to create further revenue income, in our properties located in Beaver, Canadian, Creek, and Garfield counties in Oklahoma to optimize our existent oil & gas production.
Lastly, our reserve…
