The company began three well-pad drilling program in August 2014 and has also spud the third well, the Loomis 2-6H while drilling of the first well, the Loomis 2-1H, was completed earlier this month.
Currently, the Loomis 2-6H well is being drilled, following which the well will receive a 25-stage enhanced frac treatment, with lateral lengths between 4,000ft and 4,500ft.
The second well reached a total measured depth of 11,345ft, with a 6,279ft total vertical depth and 4,227ft completed lateral length through the Niobrara B Bench.
The Niobrara B Bench chalk is present across the well bore with a thickness of approximately 45ft while the drill cuttings from the well bore show highly prolific oil rich shale reservoir rock.
Following completion of the drilling, the well will receive an 18 stage enhanced frac treatment which will test increased proppant concentrations.
The company holds approximately 49.7% net working interest in each of these wells.
