Giant Petroleum Completes Three Natural Gas Wells in Texas

Giant Petroleum, Inc. reports two successful completions and a planned re-completion in its current drilling program. Giant Petroleum partnered with Hilltex Operating Company to develop a large acreage position in the Shackelford and Throckmorton counties of Texas and reports completion of the first three of 20 planned wells in the prospect acreage.

The Hilltex Operating/Giant Petroleum #136-1 was completed in the Mississippi Reef formation. The well was tested at more than 600 MCFG/Day and is currently producing commercial natural gas from a gas cap on top of oil-bearing strata.

The Hilltex Operating/Giant Petroleum #137-1 was also completed in the Mississippian Reef formation. The well was tested at 125 BOPD and 300 MCFG/Day and is currently producing both sweet crude and natural gas.

"This well will be a nice, long-term producer for both Hilltex Operating and Giant Petroleum, Inc. and all partners involved," said Chris Plunkett, President of Irving, Texas-based Giant Petroleum, Inc.

In addition to the two completed well-drilling locations, the Hilltex Operating/Giant Petroleum Miller #1 was drilled to test both the Mississippian Reef formation and Caddo Limestone formation. The well had multiple shows and logged well throughout several pay zones in the well bore. Initially, the well drilling was completed into the Mississippian Reef formation and did not work.

"We are going to move forward with this well in some of the up-hole play," said Wes Harris, Chief Operations Officer of Giant Petroleum, Inc.

Related Companies
 Company: Giant Petroleum Inc.more info
 - Giant Petroleum Completes Three Natural Gas Wells in Texas (Jul 27)
 Company: Hilltex Operating Co.more info
 - Giant Petroleum Completes Three Natural Gas Wells in Texas (Jul 27)
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