Caza Oil & Gas, Inc. provides an operational update for the Marathon Road and East Marathon Road properties along with future drilling plans for the Company's Bone Spring program.
Marathon Road Property, Lea County, New Mexico: On December 18, 2014, the Company announced the results of the non-operated Marathon Road 15 OB Fed #1H horizontal Bone Spring development well (the "15OB-1H"). The initial 30 day average for the 15OB-1H was 1,160 barrels (bbls) of oil equivalent per day (Boe/d) gross, which consisted of 1,022 bbls/d of oil and 826 Mcf/d of natural gas.
Additionally, the Marathon Road 15 NC #1H horizontal Bone Spring development well (the "15NC-1H") commenced drilling operations on January 10, 2015. The 15NC-1H is a direct offset to the 15OB-1H and is currently drilling ahead in the vertical section at approximately 5,388 feet. This will be the third well drilled on the Marathon Road property, which also includes the Marathon Road 15 PA Fed #1H well.