Pacific Energy Development says that its Loomis 2-6H horizontal well recently completed in Weld County, Colorado has tested at an initial production rate of 540 barrels of oil per day (bopd) and 300 thousand cubic feet of gas (mcfgd) (590 barrels of oil equivalent per day (boepd)), from the Niobrara "B" Bench target zone.

The Loomis 2-6H well is the first of three new horizontal wells recently completed by the Company from a single pad.

The Company has an approximately 49.7% net working interest in this well, which came in under budget (below $4 million), reaching a total measured depth of 11,335 feet, with a 6,298 foot total vertical depth and 4,694 foot lateral length, and with 25 frac stages through the Niobrara "B" Bench target zone.

Tags: Pacific Energy Development