Diaz Ramps Up Heavy Oil Production at Lloydminster

Diaz Resources provided an update on production from the three previously announced Lloydminster horizontal heavy oil wells, which were drilled in the first quarter of 2010.

The three wells, which started producing May 21, 2010, are currently averaging 170 Bopd combined (Diaz : 85 Bopd net).

The addition of the three Lloydminster wells increases Diaz's current net production to approximately 600 Boepd, comprising 30 % oil.

Diaz has a 50 % working interest in section 18-48-1 W4 which now has 7 producing horizontal oil wells.

Diaz plans to drill up to five more horizontal heavy oil wells in section 18-48-1 W4 in 2010.



Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Lead Process Engineer
Expertise: Process Engineer
Location: Atlanta, GA
Process Engineer - Projects (Martinez, CA)
Expertise: Chemical Engineering|Process Engineer
Location: Martinez, CA
Technical Professioanl V
Expertise: Process Engineer|Technical Manager
Location: Houston, TX
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours