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Caza IPs Exceptional Bone Spring Well in Lea County
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Caza Oil & Gas, Inc. has reported strong result for the Company's Bone Spring program with the initial test well on the non-operated Marathon Road Property in Lea County, New Mexico.
The Marathon Road 15 PA Fed #1H horizontal Bone Spring test well reached the intended total measured depth of approximately 15,045 feet in the 3rd Bone Spring Sand interval and was subsequently fracture stimulated beginning on March 11, 2014. Under controlled flowback the producing rates have remained steady, and the Well produced at a rate of approximately 2,032 barrels (bbls) of oil and 1,974 million cubic feet of natural gas, which equates to 2,361 bbls of oil equivalent on March 21, 2014. The Well was producing on a 15/64ths adjustable choke at 1,745 pounds per square inch flowing tubing pressure.
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