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Caza's Broadcaster Well IP Exceeds Initial Estimates
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Caza Oil & Gas, Inc. has reported an operational update on the following properties and wells.
Additionally, the company announced plans to acquire another leasehold in the Permian Basin (access the deal here).
Broadcaster Property, Lea County, New MexicoAs previously announced, the Broadcaster 29 Fed #3H horizontal 3rd Bone Spring well (the 29-3H well) produced at a 24 hour gross rate of 2,621 barrels (bbls) of oil equivalent, which is comprised of 2,062 bbls of oil and 3.36 million cubic feet of natural gas, on September 16, 2014. The gross 24 hour peak rate occurred on September 17, 2014, and was 2,830 bbls of oil equivalent, which is comprised of 2,345 bbls of oil and 2.91 million cubic feet of natural gas. The well was producing on a 46/64ths adjustable choke at 1,520 pounds per…
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