Global Leader in International Oil and Gas Industry News

posted in:

  • Home>
  • Oil & Gas News
  • >
  • North America,
  • >
  • Osage Exploration and Development announces 494 barrel average 30-day production on latest horizontal Mississippian well
Osage Exploration - www.youroilandgasnews.com

Osage Exploration and Development announces 494 barrel average 30-day production on latest horizontal Mississippian well

Tuesday, Feb 12, 2013

Osage Exploration and Development, Inc. (OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced today the average 30-day initial production on its Krittenbrink 1-1H horizontal Mississippian well located in Section 1-18N-4W. The average 30-day initial production rate on the Krittenbrink 1-1H was 494 BOE with a product mix composed of approximately 88% crude oil and 12% high-BTU natural gas.

Management Comments
Regarding the 30-day initial production result, Osage’s Chairman and CEO, Mr. Kim Bradford stated, “The thirty-day result from the Krittenbrink 1-1H demonstrates the quality of the reservoir across our acreage in Logan County. Osage earlier announced a one-day peak initial production number of 623 BOE. To average 494 BOE over thirty days after a one-day peak of 623 BOE is a very, very strong result. Interestingly, the Krittenbrink 1-1H produced more on its 30th day than the 494 barrel 30-day average, so we may not have seen the best of it yet.

“The oily product mix in this well further supports our thesis that Logan County economics may be among the best economics anywhere in the Horizontal Mississippian play. The pace of drilling activity in Logan County is another indicator of the quality of Osage’s acreage. When we drilled our Wolf 1-29H well one year ago this month, it was the second Horizontal Mississippian well ever drilled in Logan County. In the past six months alone, there have been 39 Intent to Drill filings for horizontal Mississippian wells in Logan County with the Corporation Commission. We are no longer alone in our conclusions about the potential of the area.”

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

  • Home>
  • Oil & Gas News
  • >
  • North America,
  • >
  • Osage Exploration and Development announces 494 barrel average 30-day production on latest horizontal Mississippian well

Other Oil & Gas News

Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Linde will be exclusive hydrogen supplier for the Shell Eco-marathon in Houston 18-04-2014
Technip wins Umbilical contract for Kaombo project in Angola 18-04-2014
Forest Oil announces first quarter 2014 earnings release date and teleconference 18-04-2014
Saipem announces awarded FPSO contracts in Angola worth more than $4 billion 18-04-2014
Endeavour announces settlement of SM Energy litigation 18-04-2014
Drilling and production update 18-04-2014
Shell announces Malaysia deep-water gas discovery 18-04-2014
Meeting between the Ukrainian Minister of Energy, Yuri Prodan, and Eni's CEO Paolo Scaroni 18-04-2014
Linc Energy’s dispute with QLD Government not considered a material issue 18-04-2014