Young Oil Brings Tennessee Well Onstream
Young Oil reports that the Ralph Dishman #BY, a field development well in Overton County, Tennessee, has been completed with an estimated initial production of 130 barrels of oil a day.
The well, located in Section 24, Township 1S, Range 51E in Overton County, approximately 5 miles north of Livingston, Tennessee, is now producing 70 barrels per day.
Drilled to a total depth of 1300 feet, a porosity zone was encountered at 1260 to 1270 feet in the Stone River formation. The zone reacted to an acid treatment and began flowing crude oil a few minutes after the treatment, according to Anthony Young, CEO, Young Oil Corp.
Young discovered the field in May 2000 when the Ralph Dishman #2, a field wildcat well, was drilled in with an estimated IP of 200 bpd.
Drilled to a total depth of 1150 feet, the Dishman #2 encountered a collapsed formation in the Sunnybrook formation at 915-1030 feet. That well began flowing without treatment. It was put into production making 100 bpd on pump.
Young Oil Corporation has acquired about 4,000 acres of leases in the area and will develop the leases on a checkerboard agreement.
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