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Caza Debuts Strong Gramma Ridge Results; Updates Lennox Ops
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Caza Oil & Gas, Inc. has reported another good result at Gramma Ridge and provide a drilling update at Lennox. Both properties are operated by the Company.
Gramma Ridge Property, Lea County, New MexicoThe Gramma Ridge 27 State #2H horizontal Bone Spring test well reached the intended total measured depth of approximately 14,650 feet in the targeted 2nd Bone Spring Sand interval and was subsequently fracture stimulated in 24 stages beginning on August 4, 2014. Under controlled flowback the producing rates have steadily increased, and the well produced at a 24 hour gross rate of 870 barrels (bbls) of oil equivalent, which is comprised of 679 bbls of oil and 1.15 million cubic feet of natural gas, on August 24, 2014. The well was producing on a 42/64ths adjustable choke at 370 pounds per…
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