Cubic Stakes Location for New Cotton Valley Well
Cubic Energy, Inc. has staked a location for its eighth Cotton Valley well in the company's Bethany Longstreet acreage in North Louisiana. After the company has completed drilling on the Rushing 18 No. 1, it will then move forward with drilling on the J H Estes 8 No. 1.
The J H Estes 8 No. 1 is permitted to a total depth of 10,500 feet. This well is contiguous to Cubic's acreage where it has drilled previous wells, but the company has a greater working interest (35%) in this well. Cubic will be drilling for the Upper Hosston, Lower Hosston, and Cotton Valley gas sands, along with other potential shallow pays--all of which have been encountered in the previous wells drilled by Cubic.
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The company's oil and gas assets and activity are concentrated primarily in Texas and Louisiana.
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