Cubic Energy Confirms Peak Rate of HZ Haynesville Shale Well
Cubic Energy announced a twenty-four hour peak rate from its non-operated Plants 26H-1 well at 15,300 Mcfe/day, on a 24/64 inch choke, with 7,000 pounds of flowing pressure, producing from the Haynesville Shale formation. The Plants 26H-1 was spud on July 20, 2009 by operator Goodrich Petroleum Corp. ("Goodrich").
The Plants 26H-1 is located in Section 26, Township 14 North -- Range 16 West in the Bethany Longstreet Field in DeSoto Parish, Louisiana. Cubic has a 10.15625% working interest in the well.
Richard M. Sepulvado, Cubic's Vice-President of Exploration and Production stated, "The Plants 26H-1 confirms the quality of the Company's acreage position, at the epicenter of the Haynesville Shale play. Cubic continues to be excited with respect to its participation as a working interest owner in additional non-operated sections with Goodrich."
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