The Welder Ranch #1 has produced at an average gross rate of 1.25 Mmcfe/d (1.1 Mmcf/d plus 25 b/d) for the past four days. The Welder Ranch #2 has produced at an average gross rate of 3.6 Mmcfe/d (2.8 Mmcf/d plus 127 b/d) for the past seven days. Dune owns a 25% WI and a 17.15% NRI in the Welder Ranch #1, and a 23.72% WI and a 16.27% NRI in the Welder Ranch #2.
Houston-based Dune Energy is a rapidly growing E&P company with oil and gas exploration and development concentrated along the Louisiana/Texas Gulf Coast as well as the Fort Worth Basin Barnett Shale.
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