Exploration & Production | Drilling / Well Results | Capital Markets | Private Equity Activity
Caza Oil & Gas Bone Spring Well Flows Oil, Gas
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Caza Oil & Gas, Inc. has reported a production update for the Company's Caza Ridge horizontal Bone Spring well on its Copperline Prospect in Lea County, New Mexico.
As previously announced, the Caza Ridge 14 State No. 3H horizontal Bone Spring well was fracture stimulated in twelve stages and has been flowing back for the past week. Under controlled flowback the producing rates have continued to increase each day, and during the past 24 hours the well produced a total of 844 barrels (bbls) of oil, 1,063 thousand cubic feet of natural gas, which equates to 1,021 bbls of oil equivalent, and 667 bbls of frac fluid. The well continues to clean up and recovered hydrocarbons and frac fluids at a gross rate of approximately 1,688 bbls equivalent on an 18/64ths adjustable choke at 2,900 pounds…
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