Drilling Program - Wells | Drilling Activity
Torchlight IDs Location for Next Permian Well; Updates Hazel Project
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Torchlight reported an update to its Permian Orogrande Basin Project and Hazel Project.
Torchlight has selected the next new well location for drilling. Surveys of the location are currently being completed with drilling permitting and roads and location buildout planned for the coming weeks. The Company expects to spud the well before April 30th, 2017.
In its Hazel Project in the Midland Basin, the Company is awaiting delivery and review of technical data provided on the shale logs and sidewall cores from its vendors. This data is imperative to selecting the ideal locations of the perforations and ultimately the frac design. Thus, the Company has adjusted its expected completion date for the recently announced plans to frac that well to occur in approximately two weeks.
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