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Caza Sees Strong IP Rate at Third Bone Spring Well
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Caza Oil & Gas Inc. has reported another strong result for the Company's second Caza Ridge horizontal Bone Spring well on its Copperline Property in Lea County, New Mexico.
The Caza Ridge 14 State No. 4H horizontal 3rd Bone Spring well was fracture stimulated in twenty-four stages and has been flowing back for the past few days. Under controlled flowback the producing rates have remained steady, and the well produced at a peak 24 hour rate of 1,004 barrels (bbls) of oil and 1.3 million cubic feet of natural gas, which in aggregate equates to 1,221 bbls of oil equivalent. The well continues to clean up and recovered hydrocarbons and frac fluids during the same 24 hour period at a gross daily rate of approximately 2,678 bbls equivalent on a 30/64ths adjustable choke at 1,200 pounds per…
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