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Pedevco Hits Target Depth at Niobrara Loomis Well

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Pedevco Hits Target Depth at Niobrara Loomis Well

PEDEVCO Corp. d/b/a Pacific Energy Development has successfully completed the drilling of the Loomis 2-6H well, the third well of a three well-pad drilling program on its Wattenberg Asset that began in August 2014.

The drilling of the first two wells, the Loomis 2-1H and Loomis 2-3H, was completed in September.

The Loomis 2-6H well reached a total measured depth of 11,335 feet, with a 6,297 foot total vertical depth and 4,200 foot completed lateral length through the Niobrara "B" Bench, with Niobrara "B" Bench chalk present across the entire well bore with a thickness of approximately 45 feet, and drill cuttings from the well bore evidencing highly prolific oil rich shale reservoir rock. With drilling now successfully completed, the Company plans to frac all three Loomis pad wells…

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