Mar 10 2014
Arabella Exploration, Inc. ("Arabella" or the "Company") today announced the following updates on its oil and gas exploration operations.
Jackson #1H - Production Begins
Arabella began production on its Jackson #1H at the end of January 2014. This is Arabella's sixth well and the first on its Jackson tract where it holds an approximately 53% working interest. Peak 24-hour initial production rate ("IP") was 875 BOE/Day. Since production began, the well has consistently flowed between 250 and 300 BOE/Day.
Emily Bell #1H - Total Depth Reached
Arabella has successfully drilled and reached a total depth of 14,917 feet on its Emily Bell #1H well on February 27, 2014. The Emily Bell #1H is located in Reeves County, Texas approximately 12 miles east of the town of Pecos. This is be Arabella's seventh well and the first on its Emily Bell tract where it holds an approximately 52% working interest. The Emily Bell #1H was drilled ahead of schedule and under budget in a Company best 43 days.
Woods #2H - Drilling Commences
Arabella began operations on its Woods #2H well on March 5, 2014. This will be Arabella's eighth well and its second on the Woods Lease following its Woods #1H which had a peak 24-hour IP of over 1,200 BOE/Day. The target of this well is the Upper Wolfcamp formation; Arabella expects the well to be drilled and completed in 45 to 60 days.
About Arabella Exploration
Arabella is an independent oil and natural gas company focused on the acquisition, development and exploration of unconventional, long life, onshore oil and natural gas reserves in the Southern Delaware Basin in West Texas. The Company has an experienced management team with experience drilling multi-lateral wells and is primarily focused on the formations that the industry refers to as the Wolfbone play, which includes the Wolfcamp and Bone Spring shales. The Wolfbone play is characterized by high oil content and liquids rich natural gas, multiple vertical and horizontal target horizons, extensive production history, long-lived reserves and high drilling success rates.
Source: http://www.arabellaexploration.com/