Cubic Energy, Inc. announces today that location has been staked for its 8th Cotton Valley well. After the Company has completed drilling on the Rushing 18 No. 1, the Company will then move forward with drilling on the J H Estes 8 No. 1.
The J H Estes 8 No. 1 is permitted to a total depth of 10,500 feet. This well is contiguous to our acreage where we have drilled previous wells but the company has a greater working interest (35%) in this well.
The company will be drilling for the Upper Hosston, Lower Hosston, and Cotton Valley gas sands, along with other potential shallow pays all of which have been encountered in the previous wells drilled by Cubic.
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