Abraxas Petroleum Corporation is pleased to provide the following operational and acquisition update.
Williston Basin
In McKenzie County, North Dakota, the Lillibridge 5H, producing from the Middle Bakken, averaged 1,049 boepd (861 barrels of oil per day, 1,127 mcf of natural gas per day) over the well’s first 30 full days of production(1). The Lillibridge 6H, producing from the Three Forks, averaged 921 boepd (762 barrels of oil per day, 954 mcf of natural gas per day) over the well’s first 30 full days of production(1). The Lillibridge 7H, producing from the Middle Bakken, averaged 1,005 boepd (840 barrels of oil per day, 989 mcf of natural gas per day) over the well’s first 30 full days of production(1). The Lillibridge 8H, producing from the Three Forks, averaged 1,049 boepd (902 barrels of oil per day, 883 mcf of natural gas per day over the well’s first 25 full days of production(1). Each of the four Lillibridge wells was constrained on a 16 to 20/64th choke.
On the Jore Federal East pad, lateral casing has been set in the Middle Bakken on the Jore 2H and Jore 4H to a depth of 20,989 feet and 20,895, respectively. Raven Rig #1 is currently walking to the Jore 1H to drill the lateral section in the Three Forks. The three Jore wells are currently scheduled to be fraced in mid-February. In the event of extreme winter weather, the fracs could be postponed until the weather abates. Abraxas owns a working interest of approximately 34% and 76% in the Lillibridge and Jore pads, respectively.
(1) The production rates for each well do not include the impact of natural gas liquids and shrinkage at the processing plant and include flared gas.
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