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.
