Monday, August 10, 2009

GMX: New Well

GMX Resources announced a new well today (although it’s not noted in the company’s release, I believe the wells are in Harrison County, TX:

  • Holt 1H (formerly the K5 1H): 9.3 MMcf/day initial production (24 hours) rate at 25/64” choke at 4,156 lbs of flowing casing pressure.

Next up are the TJT Simpson 1H, which is scheduled for a frac treatment later this month, and the Verhalen “B” 1H, which is currently being drilled and is expected to be completed later this month.

Later this week, I'll dig deeper into GMX's recent operational report.

[UPDATE 9/30/09: The Holt well flowed at a rate of 5.7 MMcf/day for the first 30 days of production, according to a GMX press release.]

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