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Panhandle Oil and Gas Talks Operator Drilling Plans for 2017

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Panhandle Oil and Gas Talks Operator Drilling Plans for 2017

Panhandle Oil and Gas inc has reported financial and operating results for the fiscal year ended Sept. 30, 2016.

Paul Blanchard, Senior Vice President and COO, said:

Mid-Continent

BP

Drilling is underway on an 8-well horizontal drilling program operated by BP America in the Southeastern Oklahoma Woodford Shale gas play which should begin producing in the second fiscal quarter of 2017

Cimarex

Cimarex Energy plans to drill 6 wells on Panhandle leasehold in the core of the STACK/CANA play beginning in December 2016 Cimarex plans to drill the wells with two rigs and projects they will begin producing early in the third fiscal quarter of 2017 Eagle Ford Pad drilling to resume on our Eagle Ford leasehold acreage in our second fiscal quarter of 2017 The operator plans to move in one rig and…
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