Rebellion Energy II, LLC (Rebellion), supported by certain investment funds managed by NGP Energy Capital, announced today results of two recently completed wells in the prolific resource plays of the Powder River Basin ("PRB"), Wyoming.
The Diablo E 4174-6-7-4NH (Diablo) Niobrara well, located in Section 6 & 7-41N-74W, Campbell County WY, API Number 49005650410100 generated an 24 hour IP rate of 3,060 barrels of oil equivalent per day ("boe/d") (80% oil) on a 24/64 choke and an IP 30 day rate of 2,056 boe/d (77% oil) from a 9,143-foot lateral length, or 225 boe/d per 1,000' of lateral.
The Coronado W 8S 4174-17-20 MWB-1H ("Coronado") Mowry horizontal well, located in Section 17 & 20-41N-74W, Campbell County WY, API Number 49005720390000 generated an 24 hour IP rate of 2,283 barrels of oil equivalent per day ("boe/d") (50% oil) on a 30/64 choke and an 30-day IP rate of 1,798 boe/d (49% oil) from a 8,271-foot lateral length, or 217 boe/d per 1,000' of lateral.
Staci Taruscio, President and CEO of Rebellion stated, "These wells further substantiate the tremendous potential of the unconventional Niobrara and Mowry targets in the Powder River Basin and, alongside nearby successes in the Shannon, Frontier, Niobrara, and Mowry intervals, highlights the prolific stacked oil pay nature of the Powder River Basin. Our team's ability to execute at such a high level at this point in the basin's life-cycle demonstrates the viability of these resource plays as both predictable and repeatable. The caliber of both our team and assets is encouraging as we look to push development in the PRB."
Rebellion, based in Tulsa, Oklahoma, is an oil and gas exploration company focused on identifying, acquiring and developing oil and natural gas assets. Rebellion owns approximately 63,000 net acres in the Powder River Basin.