Exploration & Production
Osage Exploration Mississippian Project Project Producing 1100 BOE/D
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Osage Exploration and Development, is pleased to release an Operational Update on its progress in the Nemaha Ridge Project in Logan County, Oklahoma.
The Davis Farms 2-5H began producing commercial volumes of oil during the second week of August, 2012 when a submersible pump was installed, after flowing naturally for the 24 days prior. Production continues to increase on a daily basis, and currently stands at 600 BOE/D. Approximately 85% of the produced volumes of hydrocarbons are oil. The oil cut currently stands at approximately 20% and is expected to climb as the volumes of frac fluids produced declines. Osage intends to announce a 30-day Initial Production number once the requisite period has passed.
The operational challenges on Osage's second horizontal Mississippian well, the…
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