Exploration & Production
FieldPoint Reports Permian Basin Well Producing 564 BOPD
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FieldPoint Petroleum Corporation provided an update on the latest production information from its recently completed East Lusk Federal 15 well #2 in Lea County Permian Basin, New Mexico.
FieldPoint’s President and CEO, Ray Reaves stated, “The last data we provided on this well was through September 24. With one day down time from September 25 through October 9, well production in BOPD was 761, 767, 761, 698, 733, 710, 683, 170, 714, 633, 565, 606, 594, 556, and 564 respectively, and we continue to sell, between 400 to 600 mcf per day. We are pleased with this production and will continue to watch this well with interest, but we will now begin to turn our attention more to the drilling of well #3 on this property and our other exploration and acquisition activities.”
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