In addition, the company announced it had completed the Diaz #5 well also in its Vicksburg Project which would shortly be going onto sales at a rate of 750 Thousand Cubic Feet (MCF) of gas per day and 25 BCPD, producing out of an upper Vicksburg zone at 6,500 to 6,600 feet.
Wes Franklin, Executive Vice President of Touchstone said, "we were glad to see the Garcia #3 respond well to fracture stimulation to establish it as a good producer, in line with our expectations. However, we were particularly interested to see the Diaz #5, a relatively inexpensive well, producing from an upper Vicksburg zone not previously producing in the field. After the Diaz #6, which is currently drilling, this discovery sets us up to undertake additional exploration drilling on our existing sequence of Diaz and Garcia wells for re-completions behind pipe in this zone."
Touchstone has an approximately 8% interest in, and is also the operator of, the Vicksburg Project on approximately 5,000 acres in Starr and Hidalgo Counties in South Texas. Gross field production is currently approximately 5.5 MMCF of gas per day and 175 barrels of oil and condensate per day from 10 producing wells.
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