Exploration & Production | Drilling / Well Results
BNK Fracs Fifth Caney Oil Well; Wraps Drilling on Follow Up
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BNK Petroleum Inc. has reported an update on its Tishomingo Field, Caney oil shale operations in Oklahoma.
The Company's fifth Caney well, the Barnes 7-2H, was successfully fracture stimulated in 85 percent of the lateral and, while early in the flowback phase, has averaged approximately 520 barrels a day of oil and 230 barrels of oil equivalent per day (BOEPD) of natural gas and natural gas liquids (NGL's) over the last four days. Despite its shorter completed lateral section, the Barnes 7-2H well has an oil rate comparable to the initial oil rate of the Company's previous well, the Hartgraves 5-3H well. The Barnes 7-2H well is the first well drilled in what the Company believes is a more prolific and thicker oil rich subinterval of the Caney .
The entire 5,039 foot lateral was not…
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