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June 3, 2014
08:36 EDTSARASaratoga Resources says Rocky 3 well tests at rate of over 1,500 boepd
Saratoga Resources provided an update on its recent Rocky 3 horizontal development well in Breton Sound Block 32 field and recompletion in the QQ #24 well in Main Pass Block 47 field. The SL 1227-29 “Rocky 3” well, in 14 feet of water depth, was spud on May 3rd using the Parker 72B barge rig and reached a TD of 7,178’ MD/5,818’ TVD on May 15th. The well was completed in the 5,800’ sand with a lateral displacement of 750 feet. The Rocky 3 well tested on May 30, 2014 at a gross equivalent rate of 1,531 barrels of oil per day and 240 thousand cubic feet of gas per day, or net 1,288 barrels of oil equivalent per day on 20/64” choke with flowing tubing pressure of 780 psi. Oil gravity is 39.8 degrees API. Saratoga’s other horizontal wells in the same field, drilled in 2013, continue to perform well with the SL 1227-25 “Rocky 1” well tested on May 27th at a gross equivalent rate of 218 BOPD and 85 MCFPD, or net 190 BOEPD, on 28/64” choke, and the SL 1227-26 “Zeke” well tested on May 24th at a gross equivalent rate of 152 BOPD and 17 MCFPD, or net 130 BOEPD, on 32/64” choke. The company also recently completed a gravel pack recompletion in the SL 195QQ-24 “Roux” well in Main Pass Block 47 field with the 19A sand perforated and completed between 8,943-53’ MD with the 20 sand between 9,172-82’ set up as a future plug down in the same wellbore. The 19A sand tested on May 30th at a gross equivalent rate of 2,844 MCFPD and 12 BOPD, or net 350 BOEPD, on a 14/64” choke with FTP of 2,300 psi. Oil gravity is 57.0 degrees API.
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March 20, 2015
11:08 EDTSARASaratoga Resources appoints Jeff Huddleston as interim CFO
In a regulatory filing, Saratoga Resources along with its subsidiaries, Lobo Operating, Lobo Resources, Harvest Oil & Gas, and The Harvest Group report that on March 18, the board appointed Jeff Huddleston, a Managing Director of Conway MacKenzie Management Services, to serve as the company’s Interim CFO, effective immediately.

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