Exploration & Production
GMX Resources Inc. Provides Bakken Operational Update
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GMX RESOURCES INC., NYSE: ‘GMXR ’; today announces that the Company has successfully drilled and completed its sixth operated horizontal Bakken well, the Johnston 31-4-1H, 55% working interest, located in Sections 4&9 Township 146N Range 99W in McKenzie County, North Dakota. The Johnston 31-4-1H was drilled to a measured depth of 20,979' with a lateral length of 8,869'. It was completed as a 34-stage frac Middle Bakken producer achieving a peak rate of 1,479 boepd. The Johnston 31-4-1H had a spud to total depth of 29 days, a spud to rig release of 31 days and a spud to sales of 58 days.
The Company’s seventh operated well, the Fairfield State 21-16-1H, was spud on May 13, 2012. GMXR currently projects a 96% working interest in the Fairfield State 21-16-1H, which is located in Sections…
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