Rockefeller Hughes Corp. (TSXV: RHC) announced Dec. 15 the successful completion of operations on its Pryor 1H Well targeting the Buda/Georgetown formations in East Texas.
The well flowed at an average rate of 315 barrels per day (bbl/d) of oil over the first 48 hours on a 48/64-inch choke with a 170 pounds per square inch (psi) flowing tubing pressure, the Toronto-based company said.
In addition the well flowed 130 bbl/d of load water over a 48 hour period. The flow rates should still be considered preliminary in nature, as much work remains over the next few months in order to stabilize production and maximize production rates.
The successful completion of the well, which was drilled in November, has been performed within the estimated cost of construction.
The well is part of the Halo Project in East Texas that covers 10,105 net acres in the Buda/Georgetown formations and 2,659 net Eagle Ford acres.
The company completed an exchange agreement with its Halo partner in November to acquire 95% of the Buda/Georgetown rights and retain 25% of the Eagle Ford rights. It also received additional acreage, a producing well and cash consideration, according to a company presentation.
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