Key Wells | IP Rates-30-Day | Initial Production Rates | Capital Markets | Private Equity Activity
Tecolote Energy Touts 3,800 Boe/d Cleveland Well
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NGP backed-Tecolote Energy annouced its highest 30-day initial production rate from the Cleveland formation.
The Tecolote operated Meadows-Clifford 31-30 MD EX 2H extended lateral well was completed in 9,933 feet of productive lateral within the Marmaton ‘D’ formation and achieved the highest 30-day initial production rate from a Tecolote operated well to date.
The well produced at a 30-day initial production rate of 3,802 barrels of oil equivalent per day of which 50% of the production is comprised of oil and natural gas liquids. Production rates on a 24-hour basis peaked 54 days after first sales at 4,070 barrels of oil equivalent per day.
The well eclipsed Tecolote’s previous record of 2,439 barrels of oil equivalent per day from the Mathers State 172-156 CL EX 1H well which was announced in October 2017.
To date, Tecolote has completed five consecutive extended lateral wells in three separate Pennsylvanian reservoirs with modern completion and stimulation techniques utilizing greater than 1,000 pounds of proppant per foot of lateral length. The five wells average 9,700 feet of productive lateral and an average 30-day initial production rate of 2,572 barrels of oil equivalent per day of which 59% of the production is comprised of oil and natural gas liquids.
Tecolote is early in the application of modern drilling and stimulation techniques in the Panhandle Oil Window. While over 2,000 horizontal wells have been drilled in the play, only 22 wells are extended laterals (>7,500’ completed lateral length) and only four wells are super-extended laterals (>10,000’ completed lateral length). Tecolote drilled all four of the wells with completed laterals in excess of 10,000 feet.
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