Ross Perot Jr.’s company hits oil in Iraq
HKN Energy, Ross Perot Jr.’s oil company, announced Wednesday it had made a commercial oil discovery in the Kurdistan region of Iraq. HKN, a subsidiary of Hillwood International Energy, is one of a fleet of oil companies drilling in Kurdistan since the U.S. invasion of Iraq in 2003. The company said it plans to begin […]James Osborne reports for the Dallas Morning News:
HKN Energy, Ross Perot Jr.’s oil company, announced Wednesday it had made a commercial oil discovery in the Kurdistan region of Iraq.
HKN, a subsidiary of Hillwood International Energy, is one of a fleet of oil companies drilling in Kurdistan since the U.S. invasion of Iraq in 2003. The company said it plans to begin production by the end of May on two wells that so far have shown production levels of 25,000 barrels of a day.
