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Caza's Bone Spring Lennox Well Flows Oil, Gas
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Caza Oil & Gas Inc. has reported a production update for the Company's initial horizontal Bone Spring well on its Lennox Prospect and an operational update on the Caza Ridge development well on its Copperline Prospect. Both properties are located in Lea County, New Mexico.
As previously announced, the fracture stimulation on the Lennox State Unit 32 #2H horizontal Bone Spring well was successful. The well was placed on artificial lift and has been producing to recover frac fluids and establish stabilized flow rates for oil and natural gas. During controlled flowback the oil and natural gas rates have continued to increase and have now stabilized at daily rates of 334 barrels (bbls) of oil and 337 thousand cubic feet of natural gas (Mcf), which equates to 390 bbls of oil equivalent (Boe)…
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