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Cisco Energy, LLC announces successful horizontal drilling program in Mississippi Lime formation in Oklahoma

Friday, Jan 25, 2013

Cisco Energy, LLC announced today production results from its successful horizontal drilling program in the Mississippi Lime formation primarily along the Grant and Garfield county line in northern Oklahoma. The company has completed four operated wells with strong flow rates.

“We are excited about what we’ve achieved in the Mississippi Lime where we have had great results across the core of our acreage position in 2012”

Most recently, Cisco’s Sawgrass 33-1H well, located in Section 33-25N-5W in Grant County approximately five miles south of Pond Creek, Oklahoma, tested 285 barrels of oil per day and 492 thousand cubic feet of natural gas per day, or 367 barrels of oil equivalent per day (BOEPD), and 2,400 barrels of water per day from a lateral drilled to a measured depth of 10,137 feet. The well, completed in December 2012, has an initial 30-day production rate of 288 BOEPD, which is 77 percent oil. The Sawgrass well is an east offset confirmation well to Cisco’s Pebble Beach 32-1H well in Section 32-25N-5W and a north offset to Cisco’s Barbados 20-1H well in Section 20-24N-5W in adjacent Garfield County.

The Pebble Beach 32-1H well was completed in July 2012 with a 30-day production rate of 176 BOEPD, which was 75 percent oil. The Pebble Beach well continues to produce at a rate of 203 BOEPD. The well produced 24 thousand barrels of oil equivalent over a five-month period from August 2012 to December 2012. The Barbados 20-1H well, located 3.5 miles south of the Sawgrass well, was completed in August 2012.

The Barbados well had a 30-day production rate of 183 BOEPD, which was 82 percent oil, and is currently producing at a rate of 170 BOEPD. Cisco has a controlling interest in the offset sections surrounding the Sawgrass, Pebble Beach and Barbados wells.

In November 2012, Cisco also completed the Badger 3-1H well in Section 3-26N-7W in the Gilbert area of Grant County approximately 12 miles northwest of the Sawgrass well. The Badger well flowed at an initial 30-day production rate of 275 BOEPD.

Source: Business Wire

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