Field Development | Drilling Program
Camber to Break Ground in the Permian in 2H17; Continue MidCon Ops
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Camber Energy updated its operational activity in its recently acquired assets in Oklahoma.
2017 Outlook: Expect to continue an aggressive field enhancement program in our Oklahoma properties Commencement drilling operations in our newly acquired Permian assets in the second half of 2017.In December 2016, the Company completed a 60-day well maintenance and upgrade program on its wells in Oklahoma, which included the replacement of down-hole pumps and added compression. As a result, Camber improved production rates in its Coyle field in the Hunton formation by more than 60 percent since taking over operations in August 2016. Camber anticipates continued field enhancements through the remainder of 2017 on 14 additional wells. By way of example, the Company recently spent $10,000 to…
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