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GMX Resources Update Bakken Drilling Operations

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GMX RESOURCES INC., annouced Bakken Drilling Operations;

Billings County North Dakota
The Basaraba 34-35-1H, 89%WI, GMXR’s eighth operated well is located in Sections 26&35, Township 144N Range 100W in Billings County North Dakota. The, well is the Company’s first Middle Bakken well in Billings County. It was successfully fracture stimulated using a thirty-nine stage plug and perf completion. It was fracture stimulated with 25% more proppant, 4MM# which was 44% white sand and 56% ceramic proppant.

The peak flow rate was 1,673 BOEPD, 48/64” choke @ 1,000# Flowing Casing Pressure (FCP). The plug and perf completion was also the first time we used this completion procedure which included cleaning out the lateral. The coiled tubing unit was released on September 30th after milling out 33…

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