Exploration & Production | Drilling / Well Results | Capital Markets | Private Equity Activity
Gastar's Latest Hunton Lime Well Exceeds Expectations
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Gastar Exploration, Inc. has reported that the Mid-Con 7H well in its Hunton Limestone oil play in Oklahoma reached a peak 24-hour gross initial production rate of 906 barrels of oil equivalent per day and subsequently averaged 782 BOE per day (60% crude oil) over the following 17 days.
The Mid-Con 7H well is flowing these rates naturally through 4.5-inch production casing as compared to the previously announced wells which were flowing through production tubing with the assistance of gas-lift. The well was completed in the Hunton Limestone formation utilizing a 19-stage fracture stimulation over the well's lateral length of 4,250 feet. Gastar has a 48% working interest (38% net revenue interest) in this non-operated horizontal well drilled within an area of mutual interest in…
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