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Canyon Creek Continues Progress on #1 Nelson Roberts Unit in Victoria County, Texas.


HOUSTON -- Canyon Creek Canyon Creek can mean the following:
  • Canyon Creek, Texas, a neighborhood in Austin
  • Canyon Creek (Oregon), a creek
 Oil & Gas Inc. (A Joint Venture of Universal Property Development and Acquisition Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:UPDA UPDA Urban Planning and Development Authority (Qatar) ) and USProduction & Exploration, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a privately held Company privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
) has successfully removed the bridge that formed over the Yegua sand at it Inez Field project located in Victoria County, Texas Victoria County is a county located in the U.S. state of Texas. In 2000, its population was 84,088. It is included in the Victoria, Texas Metropolitan Statistical Area. Its county seat is Victoria6. It is a part of the Victoria, Texas, metropolitan statistical area.  and is preparing to place the well into production.

Canyon Creek previously reported that after initial flow testing of the well, sand, concrete residue and perforating gun remnants formed a bridge over the perforations. The Company has now successfully removed that bridge. A work-over rig will remain on site as completion work continues. Schlumberger (www.slb.com) is currently on standby for Friday morning to utilize its deep penetrating shaped charge perforating gun to clean out the existing perforations and ready the well for production. Canyon Creek will continue its work through the weekend and report the results to UPDA.

The production from this well, as well as the production from all of its properties, will be reported by UPDA as it continues to update its website at www.universalpropertydevelopment.com.

About UPDA

Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.

About CCOG CCOG Canadian Council on Geomatics
CCOG Centralina Council of Governments (Charlotte, North Carolina)
CCOG Centre Culturel Oumarou Ganda
CCOG Communauté de Communes de l’Ouest Guyanais
CCOG Common Classification of Occupational Groups
 

Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek Oil and Gas Inc. now has over 60 wells located on more than 2,000 acres in the Fort Worth basin. The Company has also acquired properties located in Inez Field in Victoria County and Giddings Gas Field in Fayette County, Texas Fayette County is a county located in the U.S. state of Texas. As of 2000, the population was 21,804. Its county seat is La Grange6. Fayette is named for the Marquis de la Fayette, a French nobleman who became an American Revolutionary War hero. . Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 2, 2006
Words:407
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