Caza Oil & Gas has announced a hydrocarbon discovery in the Abo/Wolfcamp horizontal oil play in New Mexico, USA.
The Lucky Penny 10 State #1 horizontal well in Lea County, New Mexico is Caza's initial well in the play. The well was drilled to a total measured depth of 10,571 feet. The horizontal section was fracture stimulated and a production pump has been installed. Details on flow rate will be provided once fracture fluid has been recovered and oil production has stabilized. Caza has a 12.5% carried working interest in the Lucky Penny well and a net revenue interest of 9.375%.
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