Drilling / Well Results | Key Wells | Production Rates | Drilling Activity
Point Loma Sees Increasing Output Flow at Latest Rex Oil Discovery
Point Loma Resources Ltd. has achieved first oil production from the Corporation’s Wizard Lake Rex oil discovery (Mannville formation).
The Wizard Lake 16-17-48-27W4 Rex oil well was placed on production June 5, 2019. Current production is estimated at 275 bbls of oil per day (gross), 192 (net). Production continues to increase as the pump speed is optimized and the well continues to clean up as similar to analog wells in the area.
Total production for Point Loma is now approximately 900 boepd and oil and ngl weighting has increased to approximately 40%.
Related Categories :
Drilling / Well Results
More Drilling / Well Results News
-
APA Corp. Strikes Oil Offshore Suriname at Baja-1 Well; Dry Hole at Block 58
-
Crescent Point Energy Second Quarter 2022 Results
-
Exxon Makes Dual Discoveries at Liza, Payara Prospects Offshore Guyana
-
APA Corp. Hits Pay at Krabdagu Exploration Well Offshore Suriname
-
APA Corp. Comes Up Empty at Latest Suriname Exploration Well
Canada News >>>
-
Petrus Resources Ltd. First Quarter 2023 Results
-
Cardinal Energy Ltd. First Quarter 2023 Results
-
Headwater Exploration Inc. First Quarter 2023 Results -
-
Rubellite Energy Inc. First Quarter 2023 Results
-
Bonterra Eneergy Corporation First Quarter 2023 Results