Exploration & Production | Drilling & Completions | Capital Markets | Capital Expenditure
Crimson Spins Bit at Woodbine Shale Prospects; Tags CapEx
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Crimson Exploration Inc. has reported an operational update on recent activity in the Woodbine formation in Madison and Grimes Counties, Texas, announces fourth quarter production at the upper range of guidance and announces its preliminary 2013 capital program.
Madison County, Texas – Force Area WoodbineIn Madison County, Texas, Crimson spud the Nevill-Mosley #1H well (82.0% WI), targeting the Woodbine formation, and is currently drilling at approximately 8,130 feet. The Company anticipates drilling to a total measured depth of approximately 15,000 feet, including a 6,300 foot north-south lateral, and conducting approximately 22 stages of fracture stimulation. Completion operations are expected to begin in March with initial production to follow in April.
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