YUKON, Okla., March 20, 2006 (PRIMEZONE) -- Superior Oil and Gas Co. (OTCBB:SIOR), an oil and gas exploration and development company, announced today that Bill G. Schones has been appointed President of Superior's Drilling, Exploration, and Equipment Division. Mr. Schones has over 40 years of experience in all phases of drilling, completing and equipping oil and natural gas wells.
"Bill Schones is a great asset to add to Superior," stated Dan Lloyd, President and CEO of Superior Oil & Gas Co. "As Superior continues to expand, his knowledge, experience and industry contacts will be extremely valuable."
Mr. Schones started in 1966 working in the Texas panhandle for Big Chief Drilling Co. He advanced to the position of driller for Big Chief and from 1971 to 1975 became a tool pusher for Ocean Drilling Co. working off of the shores of Louisiana and South America. From 1975 to 1979 Bill was a drilling superintendent for Westburne Drilling Co. and supervised seven drilling rigs in the Rocky Mountain area. In 1979, he was named general manager of Southwestern Drilling Co.'s deep drilling operations in the Anadarko Basin and worked there until 1983. From 1983 to the present, Mr. Schones has been the owner and operator of Williams Equipment Company, which buys and sells new and used production and drilling equipment in the Midwest area of the United States.
Williams Equipment Company, upon completion of an audit of their financial statements, is scheduled to be acquired and will operate as a wholly-owned subsidiary of Superior Oil & Gas Co.
About Superior Oil & Gas Co.
Superior Oil & Gas Co., headquartered in Yukon, Oklahoma, is an oil and gas development company. Superior has executed agreements to purchase over 28 gas wells in Kansas and continues to target other properties for acquisition.
This press release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Superior's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.