Exploration and production company Treadstone Energy Partners II, has announced results of its Austin Chalk wells in Milam County, Texas.
Image: Treadstone Energy Partners II announces results from Austin Chalk wells in Texas. Photo: Courtesy of suwatpo at FreeDigitalPhotos.net
Treadstone II drilled and completed the company’s first Austin Chalk well in July 2017 (Ely 2-3HA), with an IP24 rate of 880 boepd (91% oil) and first year cumulative production of 140 mboe.
Treadstone II CEO Frank McCorkle said: “Subsequent wells drilled in 2018 have outperformed the Ely 2-3HA.”
The Holden Moore 3HA, completed in August 2018, had an IP24 rate of 2,800 boepd (91% oil) and 120-day cumulative production of 280 mboe.
McCorkle said: “We are very pleased and excited with the performance of our initial Austin Chalk wells. We are continuing to evolve our drilling and completions practices to increase value and return on investment. While the Austin Chalk has been our primary focus to date, the Eagle Ford and Buda formations hold significant value over our acreage position.”
With recent success, Treadstone II picked up a second rig in December 2018 to increase development pace. The company’s first Eagle Ford well (Remi Rose 1HE) reached TD (total depth) in December and is expected to be on production in late January 2019.
Source: Company Press Release