Key Wells | Production Restart | Drilling Activity
BNK Hits Target at Latest Caney Shale Well; Plans Production Restart
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BNK Petroleum has successfully finished drilling the first well of its 2017 drilling program, the Chandler 8-6H well, in the Company’s Tishomingo Field, Oklahoma.
The Chandler 8-6H well, in which the Company has a 99.9% working interest, has been successfully drilled and cased. The well was drilled under-budget and the entire lateral has been placed on target, within the preferred sub-interval of the Caney formation. As anticipated, strong oil and gas shows were recorded while drilling, which are comparable to some of the Company’s best producing wells to date.
The Company is scheduled to begin fracture stimulation operations late next week. Once the stimulation operations are complete the Company will immediately begin flowing back the well and put it on production.
The drilling rig will…
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