TransTexas Gas Corp. Tests Second Lodgepole Oil Well at 5,544 Barrels Per Day.HOUSTON--(BUSINESS WIRE)--Jan. 15, 1997--TransTexas Gas Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. : TTXG) today reported that it had completed and flow tested its second Lodgepole oil well in the city of Dickinson, N.D. The Dinsdale No. 2-4 well was flow tested at a rate of 5,544 barrels of 41 degree A.P.I. gravity sweet oil per day (Bopd) and 1.3 million cubic feet of natural gas per day (MMcfd), with flowing tubing pressure of 450 p.s.i p.s.i., n pounds per square inch (lb/in2); measurement describing the amount of pneumatic or hydraulic pressure in tanks and equipment used in pressurized dental procedures. ., from an oil column of 140 feet thickness in the Lodgepole carbonate carbonate (kär`bənāt', –nət), chemical compound containing the carbonate radical or ion, CO3−2. Most familiar carbonates are salts that are formed by reacting an inorganic base (e.g. reef. On Dec. 3, 1996, TransTexas announced the successful test of its first Lodgepole well, the Heart River No. 1. A third well, the Dinsdale No. 1-3, is currently drilling below 10,000 feet depth from the same pad. TransTexas noted that it believed that its net oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally in North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). from the Lodgepole could be approximately 10 million barrels of oil and equivalent (MMboe). The company believes it has two additional prospects in the area as indicated by 3-D seismic information and is attempting to secure a drilling rig to test these 3-D anomalies
Anomalies is Cephalic Carnage's 4th full-length album. It was released on Relapse Records. The group expanded their sound even more than their previous album, Lucid Interval, and gained more popularity. , which have been permitted for drilling. TransTexas and its partners own mineral interests in approximately 200,000 acres in Stark, Billings and Dunne counties of North Dakota. TransTexas owns an average 80 percent working interest, with its privately held partners holding the balance of 20 percent. TransTexas Gas is engaged in the exploration, production and transmission of natural gas in south Texas. As a result of the additional production available with its new pipeline connection with Koch Koch , Robert 1843-1910. German bacteriologist who discovered the cholera bacillus and the bacterial cause of anthrax. He won a 1905 Nobel Prize for developing tuberculin. Koch named after Robert Koch, a German bacteriologist. in North Dakota and incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. Bob West North natural gas production in Texas, its daily gross production capacity has increased 53 percent from Aug. 1, 1996 to approximately 800 million cubic feet of natural gas equivalent. Except for the historical information contained herein, the matters set forth in this news release may contain forward looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Potential risks and uncertainties include such factors as fluctuations in natural gas and crude oil pricing over which the company has no control, the ultimate success of exploration drilling programs, the competitive nature of the oil and gas exploration, development and production industries and the uncertainties associated with the drilling, completing and operating of natural gas and oil wells. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission. NOTE: News on TransTexas can be sent direct to your fax machine at no charge through PR Newswire's "Company News On-Call" service by calling 800/758-5804, ext. 140787. CONTACT: TransTexas Gas Corporation Simon Ward, 713/987-8600 or 713/986-8865 (Fax). |
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