Amazing Energy Oil & Gas Co. drilled and completed the WWJD#14 well on its Permian Basin leasehold in Pecos County, Texas, the company said June 17.
The well is on 70,000 acres and was hydraulically fractured on June 11 using a new fracking technique, the company said. WWJD#14 is now in flowback, producing 60 barrels per day of oil and 111,000 cubic feet per day of natural gas.
Amazing Energy owns a 40% working interest in the well. Jed Miesner, CEO and chairman, said the WWJD#14 brings the company’s total drilled and completed wells to 19. None of them have dry holes, he added.
The operator will refrack WWJD#8 with the company’s new fracking technique, and the next drilling location for WWJD#15 is being built. The WWJD#16 well was permitted, Miesner added.
Wells are continually being brought on production as more gas lines and electric service are added with infrastructure buildout, he said.
Miesner said the company’s shallow wells are drilled vertically to about 2,000 feet total depth. The cost to drill and complete the WWJD#14 well was $400,000, he added.
Miesner also said that Amazing Energy will join OTC Marketplace stock trading.
Amazing Energy Oil & Gas Co. is based in Amarillo, Texas and works in the Permian.
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