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Stock Market & Financial Investment News

News Breaks
February 8, 2012
09:05 EDTCXPO
theflyonthewall.com: Crimson Exploration provides Eagle Ford Shale, Woodbine operational update
In Karnes County, the Littlepage McBride #7 commenced production at a gross initial production rate of 1,019 Boepd, or 840 barrels of oil, 67 barrels of natural gas liquids, and 672 thousand cubic feet of gas per day, on a 16/64th choke and 2,119 psi of flowing tubing pressure. The well was drilled to a total measured depth of 16,435 feet, including a 5,950 foot lateral, and was completed using 19 stages of fracture stimulation. Average gross initial production rates for our seven wells in this area is 1,060 Boepd. In Madison County, the Mosley #1H is drilling at 14,065 feet toward a total measured depth of 16,930 feet. Crimson anticipates conducting 20 - 24 stages of fracture stimulation in the planned 7,500 foot lateral and remains on schedule to commence completion operations mid-February with initial production, given success, expected to begin in early March. :theflyonthewall.com



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