Lexington Announces New Gas Production From Peyton 1-25

Lexington Resources, Inc. said that new gas production from its 50% interest in the Peyton 1-25 vertical well has commenced.

Initial production rates of 225 MCF per day have been initiated with 9/64 choke in place with 580 lb of pressure with held back gas flows during well start-up phases. Lexington’s Arkoma Basin exploration partner, Dylan Peyton, LLC, has completed its CBM gas-targeted vertical Peyton 1-25 well in an alternative gas sand zone located in close proximity to the CBM zone in which the well was drilled.

The new well is located on Lexington’s South Lamar lease in Hughes County, Okla. It feeds into a new 8,000-foot pipeline that has been completed to accommodate gas production from the Peyton 1-25 well in addition to that expected from the Nicole 1-23H and Dylan 1-24 H horizontal coal bed methane wells currently in final completion stages also located on the company's South Lamar Lease.

The Peyton 1-25 well encountered multiple possible gas-bearing sand zones in addition to the Hartshorne Coal target, providing for future behind-pipe production possibilities. Lexington and Dylan each have a 50% working interest in this well and the Nicole 1-23H and Dylan 1-24 H horizontal CBM wells in final development. Pump and production equipment including compressor station have been installed for the Nicole 1-23H well. Management expects additional production from this well in the near term.

Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Okla., and the Dallas-Fort Worth Basin in Texas.


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