Wednesday, October 6, 2010

Crimson Gives Brief Update on Mid-Bossier Wells

Crimson Exploration today provided a quick operational update on the company's Middle Bossier Shale wells.  The company has three underway:

  • Gobi #1 - completion operations will begin in mid-October with first production in November
  • Halbert Unit #1 - completion operations will begin in mid-October with first production in November (operated by Eagle Oil & Gas)
  • Bengal #1 - drilling underway, completion expected in the fourth quarter 2010
Nothing earth-shattering, but I did update the Mid-Bossier spreadsheet and map with these updates and I added the Bengal well.

The company also noted its success with a restricted choke program.  The Grizzly #1 well has been operating for approximately 60 days at a 15/64" choke and is still flowing at 8.0 MMcf/day at 8,100 psi.  To date, the well has produced 600 MMcf.  Crimson believes that the restricted choke technique will improve ultimate recoveries.

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