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Torchlight Completes Test Well, Plans Further Drilling

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Torchlight Completes Test Well, Plans Further Drilling

Torchlight Energy Resources, Inc.  has completed and is producing oil from its first vertical test well, the Flying B Ranch #1, in its Midland Basin Hazel Project.

The well was the first on Torchlight's 12,000 gross acre position in the Midland Basin.

Frac / Completion Information

The well was completed using a single stage frac.

The Company acidized and successfully performed a 210,000 lb. frac, testing a 250-foot pay zone interval in the Wolfcamp A formation. After testing production Torchlight has determined that sufficient quantities of oil exist to warrant further field development.

Horizontal wells in the Hazel Project are expected to require ~7500-foot lateral legs and a frac stage for every 100 feet of pay zone exposure encountered (resulting in up to 70 frac stages). 

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