Drilling / Well Results | Capital Markets | Private Equity Activity
Caza IPs Permian Bone Spring Well at 187 BOE/d
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Caza Oil & Gas, Inc. has reported a production update for the Company's Forehand Ranch 27 State Com No. 1H horizontal Bone Spring well on its Forehand Ranch Prospect in Eddy County, New Mexico.
The Forehand Ranch 27 State Com No. 1H horizontal Bone Spring well was fracture stimulated in the 2nd Bone Spring Sand in twelve stages and has been producing under controlled flowback for two weeks. The well continues to clean up, but production has stabilised. In the past 24 hours, the well recovered hydrocarbons and frac fluids at a gross rate of approximately 1,631 barrels (bbls), producing 170 bbls of oil, 103 thousand cubic feet of natural gas, which equates to 187 bbls of oil equivalent, and 1,444 bbls of frac fluid.
Caza has a 54.83% working interest before payout (42.02% net revenue…
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