Cubic Reaches Total Depth on Eighth Cotton Valley Well
Cubic Energy, Inc. has reached total depth of 10,600 feet on the Estes 8 No. 1. Casing has been successfully set in the well, and preparations are currently being made to fracture stimulate.
This is the eighth Cotton Valley well in Cubic's Bethany Longstreet acreage in Caddo Parish, La., and is the second well financed under Cubic's recent credit facility with Wells Fargo Energy Capital. Cubic has a 35% working interest in the Estes 8 No. 1.
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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