Daybreak Oil and Gas (DBRM), a Washington corporation, has announce that the Jackson H-20 oil well at the Twin Bottoms Field in Lawrence County, Kentucky was put on production January 20, 2015.
The initial flow rate from the Jackson H-20 well is approximately 520 barrels of oil per day. A 30-day flush production rate will be reported in late February 2015.
James F. Westmoreland, President and Chief Executive Officer, commented, "We continue to see excellent results from our wells in Kentucky. The initial production results from the Jackson H-20 well represent a record production rate for us. We are improving our drilling and completion techniques and results of these changes are being realized. We look forward to our continued development of this field where we have identified in excess of 50 additional drilling locations."
Daybreak Oil and Gas, Inc. is an independent oil and gas company currently engaged in the exploration, development and production of oil and gas in California and Kentucky. The Company is headquartered in Spokane, Washington with an operations office in Friendswood, Texas. Daybreak owns a 3-D seismic survey that encompasses 20,000 acres over 32 square miles with approximately 6,500 acres under lease in the San Joaquin Valley of California. The Company operates production from 20 oil wells in our East Slopes project area in Kern County, California. Daybreak also owns a 25% working interest in approximately 7,300 acres under lease in the Appalachian Basin in Lawrence County, Kentucky; where, we currently are participating in an on-going oil well development program with 13 producing wells at the Twin Bottoms field