Drilling & Completions
FieldPoint Petroleum Completes Lea County, Bone Spring Well
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US-based oil and gas explorer FieldPoint Petroleum has completed the multi-stage fracture stimulation on one of its New Mexcian wells.
FieldPoint plans to flow back the East Lusk Federal 15 well #2, located in the Bone Spring Formation, Lea County.
FieldPoint president and CEO Ray Reaves said the company has resumed the operation of the DCP MidStream Pipeline, after a brief repair works commenced in June this year.
"Timing for this is very fortunate as we prepare for the completion of well #2," Reaves said.
FPPC holds the major stake in the two wells with 43.75%, while its drilling partner Cimarex holds 37.5%, and other partners sharing the remaining 18.75% working interest.
Field Point has varying ownership interest in about 300 wells located in Oklahoma, Louisiana, New Mexico, Texas…
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