The well showed eight pay zones and will be choked back to approximately 1/64th and initial production rate set at 300 mcf gas per day. Production will be monitored over the next several weeks, and may be increased providing there is no drop in pressure. It will take approximately three weeks to have the last three wells on the project put into production, and sales from the completed project should be reflected in August's revenue stream. The production will be monitored and regulated over the next few weeks, and an accurate and stable long-term rate will be published at a later date.
"We are extremely pleased and humbled that we were 100% successful on the Weesatche Project, which again justifies the extra cost of using the most modern technology. We will continue to use the same posture as we commence development of our next project in the Powder River Consolidated Field in Goliad County, Texas," stated Powder River Basin Gas Corp. CEO Brian Fox.
Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.
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