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Pacific IPs Niobrara "B" Well at 588 BOE/d

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Pacific IPs Niobrara "B" Well at 588 BOE/d

Pacific Energy Development has reported that its second horizontal well, the Waves 1H well, located in Weld County, Colorado, has tested at an initial production rate of 528 bopd and 360 mcfgpd (588 boepd) from the Niobrara "B" Bench target zone.

The well is operated by the Company’s joint venture partner, Condor Energy Technology LLC. Condor spudded the Waves 1H well on November 19, 2012 and drilled to 11,114 feet measured depth (6,200 true vertical foot depth) in eight days. The 4,339 foot lateral section was completed in 18 stages on February 1, 2013.

Condor’s first horizontal well in Weld County, Colorado, the FFT2H well, tested at an initial production rate of 437 boepd from the Niobrara "B" Bench target zone. This first well was spudded in April 2012 and drilled to a total combined…

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