There will be at least two more wells drilled to the Fredricksburg Zone with similar laterals on the 3K Leases with estimated production by the well planners of up to 500 BOPD each based on well logs of similar wells close to the areas to be drilled.The CHUMLEY LEASE contains one well that is producing at a current rate of about 45 BOPD. This well was originally drilled to 3380 ft at which time the well blew out causing complete destruction of the drilling rig. The well was brought under control by pumping cement down the hole up to the 1900 ft Saratoga Zone. At that point the well started flowing and production equipment was set in place to produce the well.
Treaty Energy Corporation Acquires Four Oil & Gas Leases In Shelby County, Texas
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