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Permian Operator Touts Bone Spring IP; Hits 2,621 BOE/d
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Caza Oil & Gas, Inc. has reported an excellent result on the initial Broadcaster well and provide a drilling update on wells at Lennox and Marathon Road. Lennox is a Company operated property, and Broadcaster and Marathon Road are non-operated properties.
Broadcaster Property, Lea County, New MexicoThe Broadcaster 29 Fed #3H horizontal 3rd Bone Spring well (the 29-3H well) reached the intended total measured depth of approximately 15,818 feet in the targeted 3rd Bone Spring Sand interval and was subsequently fracture stimulated in 40 stages beginning on September 7, 2014. Under controlled flowback the producing rates are steadily increasing, and the well produced at a 24 hour gross rate of 2,621 barrels (bbls) of oil equivalent, which is comprised of 2,062 bbls of oil and 3.36 million…
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