Gastar Exploration has completed an initial deep Bossier zone in the Wildman Trust 3 well that is currently producing at a gross sales rate of approximately 20 million cubic feet per day.
The company plans to complete the well in an additional deep Bossier zone within the next 30 days and produce the two Bossier zones on a co-mingled basis. The Wildman Trust 3 well was drilled to a total depth of 18,900 feet and encountered approximately 152 net feet of apparent pay within six separate sands in the Bossier formation. Gastar has a 66.67% working interest before payout in the Wildman Trust 3 well.
Gastar has also completed the Lone Oak Ranch 3 (LOR 3), a horizontal Knowles Limestone well. The LOR 3 has achieved a peak gross sales rate of 9.4 million cubic feet per day (mmcfd) and is currently producing at a stabilized gross sales rate of approximately 7.2 mmcfd (2.7 mmcfd net to Gastar). The LOR 3 well was drilled to a total measured depth of 16,102 feet (total vertical depth of 13,308 feet).
Gastar is currently drilling two wells on its Hilltop area lease position. The Holmes 1 is a middle Bossier well offsetting Gastar’s initial Bossier discovery well, the F-K 1. Gastar has a 62% working interest before payout (48% net revenue interest) in the Holmes 1 well.
Russell Porter, president and CEO of Gastar, said: We are very encouraged by the initial flow rates on both of our recently completed wells. We expect an even higher production rate from the Wildman Trust 3 well following the planned completion into a second deep Bossier zone. Following the completion of the Brunette 1 well, we plan on re-entering the LOR 4 well and installing a similar system in order to fracture stimulates that well, which was originally completed on an un-stimulated basis.