Wedgemount Announces Strong Early Production Re-Start Results from Davis Lease Wells

Wedgemount Resources Corp. has announced encouraging production restart results from its Davis Lease oil wells in the Permian Basin, with the two wells averaging a combined 40.7 barrels of oil per day over an eight-day period following their return to service. The wells had been shut-in due to water disposal issues but management views the current production rate as a positive indicator that operations will return to their consistent historical performance levels maintained since acquisition in spring 2023.

The production restart represents a significant operational milestone for the junior oil company, which currently operates 17 producing wells across its lease portfolio with an additional 7 wells scheduled to come online before week's end. This expanded production base positions Wedgemount to substantially increase its overall oil output in the near term, supporting the company's focus on maximizing shareholder value through operational execution.

The successful restart of the Davis Lease wells demonstrates Wedgemount's operational capabilities in the highly productive Permian Basin, one of North America's premier oil-producing regions. The company's ability to quickly resolve water disposal issues and restore production indicates strong field management and technical expertise, critical factors for success in unconventional oil operations.

Looking ahead, Wedgemount's commitment to transparent operational reporting and systematic well activation suggests a disciplined approach to production optimization. With 24 total wells expected to be producing by week's end, the company appears well-positioned to deliver sustained production growth and cash flow generation from its southern U.S. energy asset portfolio.