RAW Energy announces substantial operational progress across its Texas operations for 2024, marking a year of significant growth and technological advancement. The company has successfully increased its producing well count to 42, up from 33 at the beginning of the year, driving monthly production volumes to approximately 1,600 barrels.
“Our systematic approach to well reactivation and production optimization has yielded excellent results,” states RAW Energy’s Operations Director. “We’ve achieved a production increase of nearly 45% compared to the previous year, setting a strong foundation for continued growth in 2025.”
Key Highlights:
- Successful completion of four workover projects in Phase II development program
- Implementation of Electric Submersible Pump (ESP) technology with promising initial results
- Infrastructure expansion to support increased production capacity
Phase II of the development program continues on schedule, with additional workovers planned for early 2025.