The well is currently producing at a rate of 1,143 boepd or 984 barrels of oil, 86 barrels of natural gas liquids and 437 mcf, on a 26/64 choke.

Crimson has drilled the well to a total depth of about 15,366ft, which includes 6,044 foot lateral, and was completed with 22 stages of fracture stimulation.

The Payne B #1H, which is currently drilling at 11,925ft, is targeting the Woodbine formation, and includes a total depth of about 15,740ft, with an estimated 6,600 foot lateral.

The well is expected to be completed with 22 stages of fracture stimulation, while first production is expected in May 2013.

Crimson has commenced production at its Covington-Upchurch #1H well in Grimes County, Texas, at a rate of 1,900 Mcfpd and 100 barrels of oil.