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Tecolote reports well results.

Byline: Journal Record Staff

TULSA Tecolote Energy reported results from a completion in the Panhandle Oil Window Extended-lateral Resource, or POWER, play.<br />The Tecolote-operated Little-Pyeatt 30-19 ME WX 1H extended lateral well achieved the highest 30-day initial production rate from the POWER play. The well produced 4,164 barrels of oil equivalent per day during the initial 30 days with 55 percent oil and natural gas liquids. Production on a 24-hour basis peaked at 4,481 barrels of oil equivalent per day.<br />The Little-Pyeatt well provides confirmation that the play extends another 14 miles to the northwest of the Meadows-Clifford pad, which includes two extended lateral wells.<br />The Meadows-Clifford 31-30 ME EX 2H achieved the highest five-month cumulative production from a horizontal well in Hemphill County with 375,000 barrels of oil equivalent. <br />Tecolote has completed six consecutive extended lateral wells in three separate Pennsylvanian reservoirs using Nextgen completion technology with an average of 1,500 pounds of proppant per foot of lateral length. The six wells average 9,670 feet of productive lateral and an average 30-day initial production rate of 2,837 barrels of oil equivalent per day with 58 percent oil and natural gas liquids.<br />"The production from the long laterals in this play continue to exceed our expectations and we are anticipating more strong results as we transition from delineation to full field multi-well pad development across multiple productive zones," said Maurice Storm, Tecolote's CEO.<br />Tecolote Energy is a private oil and gas exploration and production company with offices in Tulsa and Canadian, Texas.<br />

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Publication:Journal Record (Oklahoma City, OK)
Article Type:Financial report
Date:May 1, 2018
Words:273
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