Wednesday, September 30, 2009

A New GMX Completion

GMX Resources announced that it has completed its Verhalen "B" 1H well. The initial production rate over 30 days was 5.7 MMcf/day on a variable choke. I believe the well is in the North Carthage Field in Harrison County, TX, but I need to verify this.

The company also announced that it has drilled the Verhalen "C" 1H and the well is scheduled for completion in October 2009. GMX noted that the well should cost approximately $7 million, its lowest capital expenditure in the Haynesville Play to date.

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