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Fieldpoint: Drilling Underway at E. Lusk Bone Spring Well
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FieldPoint Petroleum Corporation has reported that drilling is well underway on the East Lusk 15 Federal #3 in Lea County, New Mexico. The Company has an operating agreement with Cimarex Energy Co. to drill this well that will target the Bone Spring formation.
As with the Company’s two other wells on this property, this horizontal well is planned to be drilled vertically to a depth of approximately 9,500 feet, to the Bone Spring formation, and approximately 4,000 to 5,000 feet laterally within the formation to the bottom hole location. Drilling has currently passed 4,500 feet in the vertical portion.
FieldPoint’s Chairman, Roger Bryant, stated, "Cimarex was able to begin drilling this well ahead of our original schedule. We are very excited about this project because of the performance of…
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