Pacific Energy Development says that its fourth horizontal well, the State 16-7-60 1H well, located in Weld County, Colorado, has tested at an initial production rate of 480 barrels of oil per day (bopd) and 360 thousand cubic feet of gas per day (mcfgpd) (540 barrels of oil equivalent per day (boepd)), during a 4-hour test of the Niobrara 'B' Bench target zone. Following removal of a down hole sand screen which was restricting flow, the well reached a peak production rate of 972 bopd and 800 mcfgd (1,105 boepd), during a 4-hour test from the Niobrara 'B' Bench target zone.

The State 16-7-60 1H well is the fourth well the Company has drilled on its 10,224 gross acre Niobrara asset. The well was spudded in June 2013, and drilled to a total vertical depth of approximately 6,260 feet and total measured depth of approximately 10,630 feet. The 4,042 foot lateral section was completed in 16 stages in July 2013.

Tags: Pacific Energy Development