Monday, April 19, 2010

GMX’s New Completion

GMX Resources announced the completion of its Blacker Heirs #20H well (North Carthage Field (Bossier Shale, Harrison Co., status #688709). The company reported a 24 hour rate of 14.4 MMcf/day on a 20/64” choke at 5,890 psi flowing casing pressure. GMX touted its use of 5 1/2” casing design, which the company believes will lead to better long-term well performance, while reducing the number of frac stages.

The next GMX completions will be the Verhalen D #3H and Verhalen E #6H, both of which should occur in late April. Results for Blocker Ware #8H, Mercer #11H and Verhalen F #1H should be available sometime in June.

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