American Standard Energy Corp. (ASEN) Issues Oil and Gas Operational Update
American Standard Energy issued an operational update on the company’s oil and gas activities in the United States. The company is active in various producing basins in North Dakota and Texas. American Standard Energy recently initiated a twenty six well drilling program in the Permian Basin in Texas. The company is operating three rigs here and is targeting the Wolfberry and Wolfcamp formations in three different counties. American Standard Energy is waiting for the initial production rates of two wells that were recently completed and has five additional wells scheduled for hydraulic fracturing operations. The company is also attempting to…