Waldron Energy Corporation provide an operational update regarding the 100% working interest Waldron Crystal 1-28-44-3W5 horizontal Glauconite well. The 1-28 well has now been on production for 20 days at restricted rates, averaging 3.8 Mmscf/d of raw gas plus 340 bbls/day of NGL's and light oil.

Offsetting the 1-28 well at Crystal are eight follow-up Glauconite liquids rich horizontal locations in the Hoadley Glauconite trend. The Corporation is moving forward to drill a second 100% working interest Crystal Glauconite horizontal well using the same drill pad as the 1-28 well which is expected to be licensed in the next few weeks. Current production is approximately 3,400 boepd.

Tags: Waldron Energy Corporation