Nighthawk, the US focused oil development and production company, announces an update to the Company's current drilling of the Northstar 1-14 well.
The Northstar 1-14 well was spudded on 12 November, 2015 and was drilled to a total depth of 8,900 feet. The well was drilled on an independent structure within the Monarch Joint Development Area.
The Spergen formation was present in the Mississippian section of the well and had no oil shows. Open hole logs were run to evaluate the potential of the shows in uphole zones and it was determined that there were no zones in the well that would warrant the running of production casing and initiating a completion. Accordingly, the well is being plugged and abandoned.
This fulfills our drilling commitments for the Monarch Joint Development Area and there is no further drilling planned for 2015.