Greka Exceeds Production on Louisiana Well

Greka Energy Corporation announced that the Company has completed the 9-A zone of the Haspel & Davis #1 (HD1) well in the Potash Field in Plaquemines Parish, Louisiana. As previously announced, the well was dually completed in the 11-B gas sand and the 9-A oil sand. Flow lines and production equipment have been installed connecting the well to Greka's central production facility on the east side of the Mississippi River.

The 9-A zone was completed through selective intervals between 8210' to 8244'. In the last 24 hours, the well tested at 510 BOPD and 450 MCFPD through an 18/64" choke with flowing tubing pressure of 900 psi, and is on production through central facilities.

The HD1 well, when drilled, was expected to produce 350 BOPD and 3 MMCFPD, while actual rates tested at 510 BOPD, 5450 MCFPD and 325 BCPD resulting in a significant increase above initial expectations from two of the eleven productive zones.

The Company is operator and owns a 100% working interest and a net revenue interest of 78-83% in approximately 3,000 acres in the Potash Field. The Potash Field is a salt dome in South Louisiana on the Mississippi River that is south of New Orleans. With the HD1 well's completion, the field has a total of 133 wells drilled to depths varying from 600' to 14,000' with 20 wells remaining.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours