Ecoark Holdings Inc., which holds approximately 70% of the outstanding equity of and is under common management with Fortium Holdings Corp. announced that Fortium's indirect wholly-owned subsidiary, White River Operating LLC has successfully completed a workover project as the operator of record on the Deshotel 24H 001 Well (“Deshotel Well”) in the Bayou Jack North Field in Avoyelles Parish, Louisiana. The Deshotel Well was originally drilled and completed by White River in early 2021 as an open-hole lateral Austin Chalk oil and gas well (see press release here).

Production had been inhibited on the Deshotel Well due to a build-up of paraffin in the well's vertical casing and tubing. White River performed a workover procedure on the Deshotel Well, which involved a heavy water flush into the wellbore to remove a substantial paraffin blockage and also installed artificial lift to increase the production rate. The initial results of the workover procedure have greatly exceeded expectations with over a 500% increase in current production rates being realized at the Deshotel Well.

As the well has now returned online, numerous pumper readings have shown initial production rates as high as 30 barrels of oil produced per hour, although typically initial production rates decline over time.