Monday, April 20, 2009

GMX Resources: Update

GMX Resources is also presenting at the IPAA Symposium. Their presentation is focused on an update of the five wells they are completing:

* Baldwin 14H: 4,620' Lateral 12 Stages 1st Sales est. 4/25/09
* Verhalen A2H: 4,198' Lateral 12 Stages 1st Sales est. 5/07/09
* Blocker Ware 19H: 4,446' Lateral 12 Stages 1st Sales est. 5/30/09
* Blocker Heirs 12H: 4,934' Lateral 12 Stages 1st Sales est. 6/08/09
* TJT Simpson 1H: 4,606' Lateral 12 Stages 1st Sales est. 6/18/09

GMX is pretty excited about these wells. They note that the Blocker Heirs 12H has nearly reached total depth, and all other wells have casing cemented and are ready for completion. The company president Ken Kenworthy stated, "production from these five completions could double our current production in June, 2009." Clearly getting these completions done right is the company's highest priority.

No comments: