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Greater Sooner Holdings, Inc. Enhances Fully Permitted Saltwater Disposal Well Capable of Disposing over 1,000,000 Barrels Per Year.


HOUSTON -- Greater Sooner Holdings, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
:GSNH) (www.greatersoonerholdings.com) announces continued progress executing its workover plan for the Clayton Field, Live Oak County, Texas Live Oak County is a county located in the U.S. state of Texas. In 2000, its population was 12,309. Its county seat is George West6. Geography
According to the U.S. Census Bureau, the county has a total area of 2,794 km² (1,079 mi²).
. The current plan includes enhancing the saltwater disposal well by outright purchase of this well and the surrounding land, and installation of saltwater disposal lines in the oilfield. This process could take as little time as two weeks to execute and could allow the Company, and others, to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use.

See also: Dispose
 produced well water at a rate predetermined pre·de·ter·mine  
v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines

v.tr.
1. To determine, decide, or establish in advance:
 by the current permit on file with the Texas Railroad Commission. The permitted rate for this commercial disposal well is 3,000 barrels of water per day.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Stephen Kenne, principal of the Company's contract operator Kenne Exploration, the combination of the water produced from Greater Sooner wells and water from nearby wells gives the opportunity to achieve full utilization of this saltwater disposal facility. The current rate for disposal of produced water exceeds $2 per barrel.

Greater Sooner would also like to make its shareholders aware of terminology associated with its operations. The following definitions pertain to pertain to
verb relate to, concern, refer to, regard, be part of, belong to, apply to, bear on, befit, be relevant to, be appropriate to, appertain to
 our field operations and activities.

Bbl, Barrel -- In the energy industry, a barrel is 42 U.S. gallons measured at 60 degrees Fahrenheit.

Casing -- Metal pipe inserted into a wellbore and cemented in place to protect both subsurface formations (such as groundwater) and the wellbore. A surface casing is set first to protect groundwater. The production casing is the last one set. The production tubing (through which hydrocarbons flow to the surface) will be suspended inside the production casing.

Field -- An area consisting of a single reservoir or multiple reservoirs all grouped on, or related to, the same individual geological structural feature or stratigraphic stra·tig·ra·phy  
n.
The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks.



strat
 condition. The field name refers to the surface area, although it may refer to both the surface and the underground productive formations.

Lease -- A legal document conveying the right to drill for oil and gas, or the tract of land on which a lease has been obtained where the producing wells and production equipment are located.

Mcf -- One thousand cubic feet of natural gas measured at standard pressure and temperature conditions (also named "cubic foot of gas"). Cubic Foot of Gas or Standard Cubic Foot A standard cubic foot (abbreviated as scf) is a measure of quantity of gas, equal to a cubic foot of volume at 60 degrees Fahrenheit and either 14.696 pounds per square inch (1 atm) or 14.73 PSI (30 inHg) of pressure. See standard temperature and pressure.  of Gas -- as a unit of volume, 1,728 cubic inches -- as applied to water, 7.48 gallons. As applied to natural gas, the volume of gas which, when saturated with water vapor at 60 degrees F and at a pressure of 30 inches of mercury occupies one cubic foot of volume.

MMcf - One million cubic feet.

Natural Gas or Gas -- A naturally occurring mixture of hydrocarbon and non-hydrocarbon gases in porous formations beneath the earth's surface, often in association with petroleum. The principal constituent is methane.

Produced Water -- The water extracted from the subsurface with oil and gas. It may include water from the reservoir, water that has been injected into the formation, and any chemicals added during the production/treatment process. Produced water is also called "brine" (and may contain high mineral or salt content) or "formation water." Some produced water is quite fresh and may be used for livestock watering or irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice.  (where allowed by law).

Salt Water Disposal Well (SWD SWD Social Welfare Department (Hong Kong)
SWD Software Design
SWD Southwestern Division
SWD Southward
SWD Solid Waste Disposal
SWD Seward Alaska (airport)
SWD Short Wave Diathermy
) -- A well used for the purpose of injecting produced water back into the ground.

Workover -- Operations on an existing well to restore or increase production. A workover may be performed to stimulate the well, remove sand or wax from the wellbore, to mechanically repair the well, or for other reasons.

About Greater Sooner Holdings:

Greater Sooner Holdings, Inc., based in Houston, Texas is an investment holding company with primary interests in crude oil and natural gas exploration and production.

Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted.
 and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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:Aug 23, 2006
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