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Nextraction resumes production on its liquids-rich gas property in Wyoming


Published Jan 27, 2014
Nextraction Energy Corp.

Nextraction Energy Corp. has resumed production from its Noble 6-24 well (the "Well") on the liquids-rich Pinedale Anticline in western Wyoming, USA. The Well was shut-in in December 2011 due to depressed natural gas prices; however with the rebound of natural gas prices over the winter (currently $4.56/mcf at Opal Wyoming) and the continued strength of oil prices, Nextraction placed the well back on production on January 6, 2014.

Over the first 2 weeks of production, the well has produced an average of 650 mcf/d (108 boe/d) of natural gas and 30 bbl/d of oil, for a combined rate of 138 boe/d. These rates are consistent with what the well produced when it first came on production in July 2010 and the Company is very encouraged by these results.

Tags: Nextraction Energy




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