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Laredo Energy Touts Eagle Ford Well Tests; Up to 14.2 MMcf/d

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Laredo Energy has detailed its latest well results in the Eagle Ford in Webb County, TX. The Company’s development program targets the Lower Eagle Ford Shale at vertical depths of 9,700’-12,700’.

Needmore 22H

• Spud on October 20, 2017 and achieved first production on December 11, 2017. The well tested at 10.8 Mmcf/d on a 21/64” choke at a flowing casing pressure of 5,138 psia; shut-in wellhead pressure was 5,823 psia.

• It was drilled to a vertical depth of 10,773’ with a lateral length of 7,277’ and completed in 36 stages utilizing approximately 400,000 lbs. of proppant per stage.

Ellen C 12H

• Spud on November 9, 2017 and achieved first production on January 2, 2018. The well tested at 10.4 Mmcf/d on a 17/64” choke at a flowing casing pressure of 7,437 psi; shut-in wellhead pressure was 7,704 psia.

• It was drilled to a vertical depth of 12,244’ with a lateral length of 6,673’ and completed in 33 stages utilizing approximately 432,000 lbs. of proppant per stage.

Benavides Family Minerals B 1H

• Spud on December 6, 2017 and achieved first production on March 8, 2018. The well tested at 14.2 Mmcf/d on an 18/64” choke at a flowing casing pressure of 7,867 psia; shut-in wellhead pressure was 8,286 psia.

• It was drilled to a vertical depth of 12,657’ with a lateral length of 6,291’ and completed in 38 stages utilizing approximately 355,000 lbs. of proppant per stage.

Reuthinger 13H

• Spud on April 21, 2018 and is currently waiting on completion. It was drilled to a subsea vertical depth of 12,400’ and its completed lateral length is expected to be approximately 6,300’.