Wednesday, June 3, 2009

Penn Virginia Announces New Well

Penn Virginia announced its best East Texas Haynesville Shale well to date, the Steele #2-H. The well tested at an initial production rate of approximately 11.4 MMcf/day.The flowing casing pressure was approximately 4,600 pounds per square inch. The well had an approximate 4,000-foot lateral and was stimulated with approximately 2.5 million pounds of sand and bauxite over ten stages.

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