Exploration & Production | Well Cost | Frac Markets - Frac Trends
BNK Sees Reduction in Caney Field Frac Costs; Plans More Wells
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BNK Petroleum Inc. has reported an update on its Oklahoma Caney operations.
The Company has successfully fracture stimulated the remaining 15% of the lateral section from the Barnes 7-2H well that was not previously stimulated. The well is flowing back and is currently being tested. Early results indicate that the Company has successfully reduced the cost of the Caney fracture stimulations while maintaining similar production results. The Company currently anticipates fracture stimulating the Leila 31-2H well in mid April.
The services and plans for drilling the next Caney wells have been finalized. Site preparation for two Caney locations are nearly finalized and work is expected to commence on a third location in the coming weeks. The Company is currently negotiating with a number of…
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