Waveland Energy Completes 3 Wells at Brookshire Dome Field

Waveland Energy Partners has successfully completed three new wells located in the Brookshire Dome Field west of Houston. The wells were drilled by Waveland's Brookshire Partners II L.P. partnership.

The Hall #2 exploratory well was drilled to a total depth of 3,206 feet to test both the Gooding and Catahoula formations. The well was completed in the Gooding formation and tested at a rate of 700,000 cubic feet of gas per day on an 18/64-inch choke with 830 pounds of flowing tubing pressure.

The Wander #3 development well was drilled as an offset to the successful Wander #2 exploratory well, which was drilled in 2003 and successfully completed in the Gooding/Reich formations. The Wander #3 reached a total depth of 2,120 feet and was completed in the Gooding formation. Initial production was measured at 700,000 cubic feet of gas per day. This well also provided excellent well control for extending the Gooding/Reich play in this part of the field.

The Nikmard #4 well was drilled as an offset to the Nikmard #2 and Nikmard #3, and using well control from those wells was drilled to 2,025 feet as an exploratory test of the Plunk formation in a separate fault block. It was successfully completed in the Plunk and has averaged nearly 300 barrels of oil per day since coming on line in late April. This completion further defines the Plunk sand in this field and other future drilling opportunities in this highly productive sand are being evaluated.

To date, the Brookshire Dome Field has nine productive formations with 38 active wells producing an average of 1,500 barrels of oil per day and 1.7 million cubic feet of gas per day.

"The Brookshire Dome project has been very profitable for Waveland investors. As evidenced by these three new successful wells, a substantial amount of shallow oil and gas drilling on this project remains, including both testing undrilled fault blocks and offsetting existing wells with infill development locations. In addition, we believe there is major potential in the deeper sub-salt natural gas play below 7,500 feet, and we expect to drill a test well within the next 45-60 days," said Michael J. Greer, chief executive officer of Waveland.

Waveland's partnership owns a 10 percent working interest in the Brookshire Dome project. A privately owned Denver-based company, Lone Wolf Operating Co., is the operator of the project.