Treaty Energy Corporation has commenced full drilling operations on the Stockton Lease in Tuscola, Texas.
On September 27, 2013, at around 6:10pm CDT, the drilling rig spudded in on the Stockton #2 well. The Company is employing a local drilling contractor to perform the operation. The Stockton #2 well will be drilled to the Gardner Limestone pay-zone located at an approximate depth of 4800ft. The well is considered an off-set well to the Company's successful Mitchell #4 well.
Currently, the Stockton #2 drill is at approximately 2000ft. and is drilling 24 hours a day. Due to proximity and same field geology, initial production numbers and estimated production rates are expected to be similar to the Mitchell #4 well, which received an initial production rate of 61 barrels of oil per day (BOPD) and an announced production rate of 45-50 BOPD.