Aztec announced that several weeks ago, Aztec participated in the Dyco Blanding #1 well located in Liberty County, Texas. The well encountered commercial hydrocarbons in the lower and upper Blanding formations, plus additional zones.
The Dyco well went online producing in excess of 75 BOPD during the first few days of March. "It is amazing to go back into a field that has been producing oil in excess of 75 years and find this kind of production," stated Waylan Johnson, President of Aztec Oil & Gas, Inc. Furthermore, he stated, "Utilizing 3D seismic, in addition to capitalizing on our partners' 30+ years of history in the area, gives us a huge advantage in this field."
Aztec has several more projects in process throughout this area. "The Dyco Blanding well perfectly illustrates our firm's focus on shallow oil," continued Johnson.
Additional to the foregoing, Aztec also announced the successful completion of the Stanley #8 well drilled in Jones County, Texas with G&F Oil. The well was drilled to a total depth of 5,500 feet and encountered several pay zones that, according to the open hole log, calculate to be as productive in the well as they are in the surrounding area. We are currently completing in the Ellenburger formation.
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