Cubic Deliniates 2.5T Cubic Feet of Original Gas in Place in LA
Cubic Energy, Inc. announced receipt of an independent report, prepared by a qualified reservoir engineer, estimating original gas in place (OGIP) for Cotton Valley (CV) sandstones and Bossier/Haynesville (BH) shales in Cubic's Johnson Branch acreage (comprising the majority of each of twelve 640-acre sections) located in Caddo Parish, Louisiana. The estimates received indicate OGIP for the BH ranges from 217 to 245 BCF/section. The estimates also indicate OGIP of 20 BCF/section for the CV. Cubic has a 49% working interest in its Johnson Branch acreage.
In its Johnson Branch acreage, Cubic has drilled 12 wells through the CV, with three of these wells penetrating deeper through the BH shales. To date, eight Johnson Branch wells have been completed as gas producers in Cotton Valley (CV) sandstones.
Additionally, Cubic has eight producing wells in the CV and Hosston formations of its Bethany Longstreet acreage.
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