Far East Energy Corporation announced that 13 new wells have commenced in the 13 days since the last 2013 drilling program update release issued on Friday, June 14, bringing to 43 the number of wells spudded in 2013. Additionally, 4 wells reached total depth, and the 2013 frac program is well underway. Currently there are 30 rigs in the field.

CEO Michael R. McElwrath commented, "We now have 30 rigs in the field, substantially exceeding our announced target of 25, and have spudded wells at a rate equivalent to 1 well per day over the past two weeks. This is a level of activity that is unmatched by our peers in China and for which our team in the field, led by our two General Managers of Field Operations, Brent Lowson and Matt Murphy, deserve high praise."

Tags: Far East Energy Corporation