Encore Energy is currently working to turn three horizontal Berea oil and gas well projects into production while nearing final completion of a six (6) mile gas transmission system. Encore plans to drill three additional horizontal wells with the next well planned for this 4th quarter

Encore Energy, Inc. is a fully integrated oil and natural gas lease owner, well operator, and developer of multiple horizontal well projects targeting the productive Berea Sandstone of Lawrence County, which is the #1 oil producing county in Kentucky.

There have been over 100 horizontal wells permitted, drilled and/or producing in Lawrence County. The horizontal Berea play is the most active and prolific oil and gas field operations in Kentucky that is being driven by the most advanced horizontal well technologies.

"Despite inflation, labor shortages and continued supply chain challenges, the Company is growing and making significant progress", said Steve Stengell, Encore's President and CEO. "Oil prices are anticipated to be strong in the short, and long-term while advancements in horizontal well technology leads the way", added Stengell.

Qualified accredited investors can deduct nearly 100% of their intangible drilling costs with an estimated ~87% of their investment deducted against all other forms of active income in year one.

Energy Industry Directory: Encore Energy