Nighthawk provides an update on its 2015 Plans, recent production and drilling and other general corporate updates at its operations in the Denver-Julesburg Basin, Colorado.
Highlights - operational
•2014 gross production increased by 96% to 706,319 barrels
•Recently drilled three new wells in the Snow King field required to retain key acreage. Two have been completed in the Spergen zone and also had excellent shows of oil potential in the Marmaton zone. The third well is in the early stages of completion
•Plan to drill 11 new wells targeting the Spergen zone (7 for Nighthawk and 4 for Monarch Joint Venture) during third and fourth quarters 2015 at an estimated cost of $19 million
•Plan to complete 25 behind pipe projects during the year with many of the projects targeted for the first and second quarter at an estimated cost of $3.6 million