Scandoil  

KFG Resources puts Barnum #4 on production


Published Dec 3, 2015
[an error occurred while processing this directive]

Edit page New page Hide edit links

KFG Resources-3

KFG Resources Ltd's President, Robert A. Kadane, reported that the Company's subsidiary, KFG Petroleum Corporation, and partners have put the Barnum#4 well in Adams County, MS on production.

The well was perforated in the Armstrong Sand of the Wilcox formation from 6784 to 6786 feet. On November 30th the well started pumping at 9am and by noon oil was at the surface. By 4 pm the well was producing at a 60 bopd rate and by 10 pm at a 120 bopd rate.

The pumping unit was slowed down at 2 am to an 80bopd rate and will be produced at that rate until it stabilizes. KFG has a 9.19% working interest in the well increasing to a 21.6% working interest if the project pays out. The #4 well sets up another location that will probably be drilled in the spring of 2016.

The Drouet Poole Estate #1 well continues to produce 60 barrels of oil and 30 barrels of water per day. Completion operations are underway on the Stockfelt #1 well.

Tags: KFG Resources




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml