Email
Print 
Bookmark
PEDEVCO Corp. d/b/a Pacific Energy Development has successfully completed workover operations on the Domino 21-16 State Com No. 5 Well, which it acquired effective February 1, 2019.
The Company began workover operations on the Domino well immediately after closing the acquisition and is pleased to announce that the well has been online for over 5 days producing an average of 120 barrels of oil per day since completion of the workover.
The Domino well was drilled by the well’s former operator in the 4th quarter of 2017 and had an Initial Production (IP) peak oil rate of just over 300 barrels of oil per day in February 2018. The well was down due to a failed downhole pump which Pacific Energy Development redesigned and replaced with a new resized pump to maximize production rates.
In addition, the Company is pleased to report that completion operations on its initial four horizontal wells in the Chaveroo field are currently underway and, as previously announced, the Company plans to drill another horizontal well on the recently acquired acreage offsetting the Domino well by March 1, 2019.
Related Categories :
Well Recompletions
More Well Recompletions News
-
Upstream Exploration Touts Well Recompletion in Plaquemines Parish
-
EP Amps Up Completions for 2H18, Ups Capex; Plans Longer Eagle Ford Laterals
-
PetroQuest Talks Q1 Ops; Production Up 17% YOY to 6.1 Bcfe
-
Panhandle Ramps Up Output 36% to 37.2 Mmcfe/d; Talks Near-Term Drilling Plans
-
Abraxas Bumps Up 2018 Capex Over +50% to $140MM; Touts Delaware Well Results -
Permian News >>>
-
Seventeen (17) E&Ps; To Use 47 Frac Crews To Complete 2,800 Wells In 2024
-
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -
