Exploration & Production | Drilling & Completions | Drilling / Well Results
US Energy Talks Texas, Williston Results; Upcoming Wells
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U.S. Energy Corp. has reported an operational update.
South Texas - Buda Limestone formationThe Beeler #2H well located in the Booth-Tortuga acreage block in Dimmit County, Texas produced approximately 45,000 gross BOE during the first 60 days of production, or an average of 750 gross BOE/D. The Company participates in approximately 10,140 gross acres which are prospective for the Buda formation and has an approximate 30% working interest and an approximate 22.8% net revenue interest in the acreage.
Two additional wells in the Booth-Tortuga acreage block targeting the Buda Limestone formation are now scheduled to be drilled in succession. The Beeler #3H well is currently scheduled to spud on July 20, 2013. The Beeler #4H well is currently scheduled to spud in late August 2013.
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