Caza Oil & Gas, Inc. announces another strong Bone Spring result with the third well on the non-operated Marathon Road property.

The Marathon Road 15 NC Fed #1H horizontal Bone Spring development well (the '15NC-1H') reached the intended total measured depth of approximately 15,515 feet in the 3rd Bone Spring Sand interval and was subsequently fracture stimulated in multiple stages beginning on March 8, 2015.

Under controlled flowback, the producing rates have steadily increased and the 15NC-1H produced at a 24 hour gross rate of approximately 1,203 barrels of oil equivalent, which is comprised of 1,037 bbls of oil and 995 thousand cubic feet of natural gas, on March 19, 2015. The 15NC-1H was producing on a 19/64ths adjustable choke at 1,400 pounds per square inch flowing casing pressure.

Tags: Caza Oil & Gas