Osage Exploration and Development, Inc. announced a one-day peak rate on the Everest 1-9MH and 30-day production rates from two previously announced Horizontal Mississippian wells, the George Plagg 1-18MH and the George Plagg 1-19MH, located in Logan County, Oklahoma.
Peak One-Day Rate on Everest 1-9MH
Osage's most recent well to be put into production, the Everest 1-9MH, has reached a one-day peak rate of 850 BOE, with a product mix of approximately 78% crude oil and natural gas liquids, and 22% natural gas. The Everest 1-9MH, located in Section 9-17N-2W, is Osage's seventh operated well to be brought into production. The Company has a working interest of approximately 65% in the well.