New Asia Holdings Inc./Olenox Corp. (“NAHD”) (OTCQB: NAHD), announces Olenox’s wholly-owned subsidiary, Olenox Kansas has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field. Discovered in 1926, The Hugoton Complex has produced over 26 trillion cubic feet of gas since its discovery in 1926 and is the largest natural gas field in North America. The operations will be conducted on 61,945 acres that extend nearly 80 miles through Greeley and Hamilton Counties in Kansas.
“We are honored to be able to work within such a historical Field,” says Olenox CEO Michael McLaren. “We have completed the necessary agreements with the Kansas Corporation Commission and have begun our field operations at the start of this month”.
The company will introduce modern pumping and monitoring technologies to increase field efficiencies, reduce costs, and better protect the environment during the operation of these stripper wells.