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Panhandle Reports Drilling Results at Non-Op Woodford Project; Eagle Ford, Permian
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Panhandle Oil & Gas reported financial and operating results for the 2017 fiscal first quarter ending Dec. 31, 2016.
Drilling is now underway on five separate projects. Three are in the cores of low-risk resource plays, and the other two are in higher risk plays in the Permian Basin.
Operations UpdateDrilling is now underway on five separate projects. Three are in the cores of low-risk resource plays, and the other two are in higher risk plays in the Permian Basin.
In the STACK/CANA play, the Company is participating with a 17.5% working interest and a 16.25% net revenue interest in six Woodford Shale wells operated by Cimarex Energy. The first two wells have been drilled, wells three and four are drilling and wells five and six are scheduled to spud as soon as three and four finish…
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