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Crimson's Beeler Well Flows Oil, Gas from Buda Formation

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Crimson's Beeler Well Flows Oil, Gas from Buda Formation

Crimson Exploration Inc. has reported the successful completion of the Beeler #2H (50.0% WI) at a gross 24-hr initial production rate of 859 Boepd, or 761 barrels of oil, 56 barrels of natural gas liquids and 253 thousand cubic feet of natural gas, on a 25/64th choke.

The well averaged a gross 30-day production rate of 797 Boepd. The Beeler #2H is Crimson’s first well in Dimmit County, Texas targeting the Buda formation.

 The Beeler #2H was drilled to a total measured depth of 11,013 feet, including a 3,700 foot lateral, and completed open hole, without fracture stimulation. The well is located in Crimson’s Booth-Tortuga Area where the Company currently has approximately 10,140 gross acres prospective for the Buda formation.

Allan D. Keel, President and Chief Executive Officer, stated, "I…

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