Exploration & Production | Drilling / Well Results | Top Story | Initial Production Rates | Capital Markets | Private Equity Activity
Caza Touts 'Excellent' Bone Spring Well IP in Lea County
Print
|
Caza Oil & Gas, Inc. has seen more excellent result for the Company's Bone Spring program with the initial test well on its Gramma Ridge Property in Lea County, New Mexico, and to provide an update on drilling activity at its West Copperline, Forehand Ranch and Jazzmaster properties.
Gramma Ridge PropertyThe Gramma Ridge 27 State #1H horizontal Bone Spring test well reached the intended total measured depth of approximately 15,496 feet in the 3rd Bone Spring Sand interval and was subsequently fracture stimulated beginning on May 13, 2014. Under controlled flowback the producing rates have steadily increased, and the well produced at a peak 24 hour gross rate of 830 barrels (bbls) of oil and 4.63 million cubic feet of natural gas, which equates to 1,602 bbls of oil equivalent, on May 27…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…