Cubic announced twenty-four (24) hour flow rates for three recently completed Horizontal Haynesville Shale wells located in Cubic's acreage in the Bethany Longstreet Field of Caddo Parish and DeSoto Parish, Louisiana.
The Crow 8 No. 1 had a 24 hour flow rate of 12,910 Mcf per day and approximately 7,302 lbs. of flowing casing pressure on a 22/64 choke during frac clean up and the Crow 5 No. 1 Alt had a 24 hour flow rate of 13,566 Mcf per day and approximately 7,223 lbs. of flowing casing pressure on 22/64 choke during frac clean up.
The Company owns a 24% working interest in the Crow 8 No. 1 and a 32.5% working interest in the Crow 5 No. 1 Alt. Both wells are located in the Company's acreage in the Bethany Longstreet Field of Caddo Parish, Louisiana.
The Fisher 20 No. 1 has a 24 hour flow rate of 13,632 Mcf per day and 7,000 lbs. of flowing casing pressure on a 14/64 choke also during frac clean up. This well is also in the Company's Bethany Longstreet acreage in DeSoto Parish, Louisiana. Cubic has a .6% working interest in this well.
Calvin A. Wallen III, Cubic's President and CEO, "These wells have similar flow rates during completion clean up as our other wells in the Bethany area and represent a significant increase to the Company's overall production. With the addition of these three wells, Cubic has now participated in 19 producing Horizontal Haynesville Shale wells and we look forward to the continued development of our acreage with our Joint Venture partners."
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