Houston-based E&P company Caza Oil & Gas Inc. (Toronto; Aim: CAZ; CAZA) reports that Caza 162 #1 in Upton County, Texas, reached a total depth of 11,287 feet on Oct. 11, encountering potential pay zones in the Clearfork, Spraberry, Wolfcamp and Atoka formations. Production casing has been set, and the operator is preparing the well for fracture stimulation.
Additionally, Caza reports that the completion process has commenced on Caza 158 #1, which was fracture stimulated in the Atoka formation at a depth of approximately 11,000 feet on Oct. 11. Caza will issue an update once the fracture fluid is recovered and test rates are established.
Caza has a 25% non-operated working interest (18.75% net revenue interest) in each well.
Caza holds oil and gas interests in the Texas Gulf Coast region, primarily in southern Louisiana, in southeastern New Mexico and in the Permian Basin of West Texas, through its subsidiary Caza Petroleum Inc.
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