Thunderbird is the operator of the project and holds a 100% interest in the first two wells and a 50% working interest in the third.
All three wells are step outs from three existing producing wells that had initial production rates ranging from 1 MMcf/day to 2.5 MMcf/day.
"These are the first wells to be drilled by Thunderbird at Gordon Creek," stated Mike Worthington, Thunderbird's vice president of Operations. "We are very fortunate to have had the opportunity to review drilling, completion and production records of all of the previous wells drilled in the field. This experience, together with the knowledge gained from studying the massive Drunkard's Wash field next door, has been tremendously valuable as we designed the current drilling and completion programs. The next few weeks will be very exciting for Thunderbird and our shareholders."
Thunderbird also intends to mobilize a completion rig later this month to conduct workovers on certain of the producing and shut-in wells in the field. The same rig will be available to handle the completions of the new wells.
Thunderbird Energy is a Canadian-based oil and gas company focused on acquiring and developing untapped oil and natural gas opportunities, primarily in the United States. Thunderbird has pending agreements to substantially expand its Gordon Creek acreage.
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