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Cunningham Energy Talks WV Wells IP30 10,000 Barrels of Oil
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Cunningham Energy LLC has announced that the Lions Paw 4-Well Pad is now producing at a rate of 10,000 plus barrels of oil per month. The production increase includes two new wells coming online, the King #19H & King #18H. Both wells are producing at a rate of over 100 BOPD and are being held back with considerable pressure on the backside and tubing.
The new wells were brought online in the beginning of May this year. “This type of production has not been achieved easily. We as a company have gone through quite a learning curve of the past few years. Current production, along with the previous results we have shown, prove that shallow horizontal oil production is viable in West Virginia. Many of the shallow sand oilfields in the State of West Virginia have tremendous potential but have been overlooked due to the focus on shale plays.
Eventually we believe that capital will realize and understand the significance of the opportunity here, as the production speaks for itself," said Ryan Cunningham of Cunningham Energy. The company is currently beginning to plan and drill multiple new horizontal programs in Clay and Kanawha Counties, West Virginia for 2018.
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