Mississauga, ON -- (ReleaseWire) -- 01/24/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Daybreak Oil and Gas Showing Strong Oil Production Rates Despite Kentucky Cold.”
Companies mentioned in this article include Daybreak Oil and Gas, Inc. (OTCQB:DBRM).
People all over the United States are dealing with frigid cold. For many states, it’s the type of cold that nears record lows on some days and certainly is the coldest in well over a decade. This, of course affects businesses, including oil producers. Disruptions in transportation and difficulties in fracking have at times slowed production, even in the booming Bakken oil shale of North Dakota. Temporary slowness, although not enough to have any meaningful impact on the nation’s output at this point, has been reported nearly all over the nation as the arctic cold sweeps from state-to-state.
In Kentucky, the air is still icy, dipping below zero virtually every night and spending little time in double digits – if at all – during the daylight hours. Residents and businesses are bundling up again on Friday as another Winter Storm Alert has been issued for the central and eastern part of the state that is slated to bring “near blizzard conditions.”
Daybreak Oil and Gas, Inc. (OTCQB:DBRM), an independent oil and gas company with assets in California and Kentucky, is plugging through the weather with partner App Energy, LLC and showing very promising production rates. The company said on Friday that the Gerald Grove H-3 well at its Twin Bottoms Field Project in Lawrence Country, Kentucky was placed on production on December 21, 2013. Daybreak has a 25-percent working interest in the project, which is on the eastern edge of the state line. App owns the remaining 75-percent interest and is the operator of the project.
The full version of this article can be found at:
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