Nighthawk Energy announces an update on production and drilling at its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado.
• Average gross oil production from all wells in the calendar month of October 2014 was 1,886 barrels of oil per day ("bopd") and is currently in the 2,500-2,600 bopd range.
• Nighthawk's recently announced focus on capturing behind pipe production and reserves in completed wells and new drills is driving substantial new production. The drilling rig has been temporarily idled at no cost to Nighthawk, in order that the Company can focus on as many of these behind pipe opportunities as possible before the year end. The Company currently has three work over rigs in service pursuing behind pipe projects.
• The Snowbird 16-15 well was completed in a Pennsylvanian age formation earlier this month and has been producing at an average rate of production in excess of 500 bopd.