Nostra Terra Posts Bale Creek Production Results

Printer Friendly Version
Email this Page

Nostra Terra announced that the second well at the Bale Creek Prospect has demonstrated positive prolonged testing results and is now producing oil and generating revenue.

Production testing on the second (vertical) well has been underway for 790 cumulative hours over recent weeks. After correcting for the initial "flush production", the well has produced at an average of 2.5 barrels of oil per hour. To date, 1,930 of those barrels have already been sold to purchasers.

Given the positive production results on the second well, it has been decided to discontinue work on the first well where pressure was low, and to focus resources on future wells.

Nostra Terra has a 30 percent working interest in the Bale Creek prospect which is operated by Pathfinder Development Capital, LLC.

"We are encouraged by the results from second well and pleased to add the production to our growing portfolio," Chief Executive Officer of Nostra Terra Matt Lofgran stated.

"Prolonged production-testing is considered to be a much better indicator of production capability than the more subjective swab-testing. We have been executing various well treatments; each of which was then followed by production testing to evaluate the results. The treatments have resulted in better well response and we have additional treatments to apply and evaluate for further improvements," Chief Operating Officer of Nostra Terra Alden McCall said.

Printer Friendly Version
Email this Page
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Senior Reservoir Engineer
Expertise: Petroleum Engineering|Reservoir Engineering
Location: Houston, TX
 
Rentals & Asset Manager - Surface & Frac
Expertise: Asset Management|Operations Management|Subsea Engineering|Technical Sales
Location: Houston, 
 
Territory Sales Manager - Subsea Wellheads
Expertise: Sales & Marketing|Subsea Engineering|Technical Sales
Location: Houston, 
 
search for more jobs

Brent Crude Oil : $65.37/BBL 1.75%
Light Crude Oil : $59.72/BBL 1.64%
Natural Gas : $2.89/MMBtu 2.03%
Updated in last 24 hours