Drilling & Completions | Capital Markets | Private Equity Activity
Caza Oil & Gas Spuds Permian Basin / Bone Spring Well
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Caza Oil & Gas, Inc. is pleased to announce that drilling has commenced on the Company's Copperline Bone Spring Prospect ("Copperline") in Lea County, New Mexico. The Caza Ridge 14 State #3H horizontal well commenced drilling on August 11, 2012, and is the initial test well at Copperline.
The well will be drilled to a total vertical depth of approximately 11,500 feet with a total measured depth of approximately 15,730 feet. The primary target is the 3rd Bone Spring Sand at a vertical depth of approximately 11,315 feet subsurface with potential secondary targets in the Delaware, Lower Brushy Canyon, Avalon Shale, and 1st and 2nd Bone Spring Sands.
Caza has a 57.5% working interest before pay-out (approximate 45.0% net revenue interest) and a 68.125% working interest after pay-out…
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