Crystal Oil announces completion of second discovery well on Laurel Ridge Prospect.SHREVEPORT, La.--(BUSINESS WIRE)--Dec. 6, 1995--Crystal Oil Co. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :COR) today announced the completion of a second discovery well on its Laurel Ridge Prospect in Iberville Parish, La. The Claiborne Plantation No. 2 well was completed in the Miogyp (Frio) formation through perforations at 11,503-11,511 feet from the overall interval of 11,494-11,522 feet. The well is currently flowing water free at a daily rate in excess of 9,200 MCFD MCFD Ministry of Children and Family Development (British Columbia, Canada) MCFD thousand cubic feet per day MCFD million cubic feet per day MCFD Malta College of Family Doctors MCFD Multiple Coagulation Factor Deficiency of gas and 1,100 barrels of oil with a flowing tubing pressure of 7,978 psig through a 16/64" choke. The well is located on a 3,650 acre lease block south of Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. near the town of White Castle. KCS KCSkeratoconjunctivitis sicca. Energy Inc. is the operator of the No. 1 and No. 2 Claiborne Plantation wells. Crystal owns a 5% working interest in both wells convertible to 10% after the operator recovers the initial drilling expenses. The acreage block is located on what appears to be a large down throw fault closure immediately north of the Laurel Ridge Field. Cumulative production from that field is in excess of 168 BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter of gas and 9 million barrels of oil and condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. to date. The No. 2 well is 1,200 feet north of the No. 1 well which is producing from the Cib.haz zone and appears to be productive in the Miogyp. The operator has announced that exploitation of the Miogyp reservoir will continue by spudding a development well in the first quarter of 1996. The Claiborne Plantation prospect was generated internally by the company's prospect development partnership. The company is pursuing other exploration prospects generated by its prospect development partnership on a promoted basis in which the company will have a carried interest. CONTACT: Crystal Oil Co., Shreveport Jeff Ballew, 318/222-7791 |
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