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Contango IPs First Wolfcamp Well Post-Acquisition; Drills Three Follow-Ups
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Contango detailed results on its initial well on its Southern Delaware Basin acreage in Pecos County, Texas.
The Lonestar-Gunfighter #1H, an Upper Wolfcamp test in the northwest portion of our acreage position, was recently completed with an approximate 10,000 foot lateral and 50 stages of fracture stimulation. The well initiated flow back on January 28, on a controlled flow basis, reaching a maximum 24-hour IP rate of an estimated 966 Boed (72% oil). The well has been flowing back for approximately 30 days and as of yesterday was producing approximately 846 Boed.
After completion of the drilling of the Lonestar-Gunfighter in late December, we moved the drilling rig approximately one mile to the south where the next two wells were drilled from a common surface location, each well…
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