Exploration & Production | Well Lateral Length | Drilling / Well Results | Top Story | Key Wells | Initial Production Rates
Pedevco IPs Niobrara B Loomis Well at 681 BOE/d
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PEDEVCO Corp., d/b/a Pacific Energy Development reported that its Loomis 2-1H horizontal well recently completed in Weld County, Colorado has tested at an initial production rate of 576 barrels of oil per day (bopd) and 630 thousand cubic feet of gas (mcfgd) (681 barrels of oil equivalent per day (boepd)), from the Niobrara "B" Bench target zone.
The Loomis 2-1H well is the second of three new horizontal wells recently completed by the Company from a single pad. The Company has an approximately 49.7% net working interest in this well, which came in under budget (below $4 million), reaching a total measured depth of 11,365 feet, with a 6,334 foot total vertical depth and 4,851 foot lateral length, and with 18 frac stages through the Niobrara "B" Bench target zone. On January 13th the…
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