Exploration & Production
Osage Releases IP Rate of 1185 BOE/D From First Mississippi Lime Well
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Osage Exploration and Development, Inc. (OTCBB: OEDV) is pleased to announce that the 72-hour Initial Production rate on the Wolf 1-29 averaged over 1185 BOE/D. The total production was composed of approximately 85% oil, and 15% high BTU natural gas. The average production during the first full 30 days on the Wolf was over 876 BOE/D.
The Wolf 1-29H, of which Osage owns a 25% Working Interest and a 19.5% Net Revenue Interest, was drilled to a vertical depth of 5,816 feet with a lateral bore length of 4,104 feet and was treated with a 12 stage hydraulic frac job.
"The strength of the Wolf's early production will have a resounding impact on Osage's immediate and long-term future. The initial production at the Wolf is among the highest in the Horizontal Mississippian play to date," stated…
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