Warren Resources, Inc. announced initial results from its well completion operations in the Upper Marcellus formation, located within its acreage block in Wyoming County, Pennsylvania.
Warren successfully drilled and set pipe for two Upper Marcellus wells in the first quarter of 2015, and completion operations commenced in July 2015. The two Upper Marcellus wells have been flowing back for approximately two weeks and the current combined daily production rate is 17 MMcf per day with 3% of flowback load recovered. The wells are drilled from Warren's Mirabelli and Ruark pads.
Lance Peterson, Interim CEO, commented, 'Warren's first two Upper Marcellus wells were drilled with the intent to test a wide swath of our acreage block. Warren is very encouraged by the early results from these wells, and we expect to see these wells continue to clean up and experience increased flow rates. Our 'core of the core' acreage position in the Marcellus continues to provide significant growth opportunities for the Company and deliver value for Warren's shareholders. I congratulate the team and all Warren employees for their hard work and commitment to the Company.'