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Gastar Continues to Derisk the Hunton Lime; Talks Well Results
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In its latest presentation, Gastar Exploration Inc. has detailed its latest drilling results, derisking pilots and economics in the Midcontinent Hunton Lime play.
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Operated ActivityFor 2015, Gastar is focusing on the continued derisking of the Hunton Lime. The company recently detailed its results from its Warsaw pad drilling pilot, which targeted the upper and lower sections of the play.
Warsaw Results: Warsaw 33-3H (Lower): 648 BOE/d peak rate Warsaw 33-2H (Upper): 488 BOE/d five-day averageEnlarge Image
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Currently, well costs across the Upper and Lower Hunton average $3.0 million and $5.0 million, respectively. Average IP rates are as follows:
Upper Hunton: 855 BOE/d (94% oil) Lower Hunton: 504 BOE/d (88% oil) Non-Opera…Finish this article — free account or subscription
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