Red Mountain Resources, Inc. announced the initial production of its recently drilled and completed Madera 24 Federal 3H well.

The initial production rate from the Madera 24 Federal 3H well was 1,491 barrels of oil equivalent per day (81% oil). Located in the Permian Basin, the Madera 24 Federal 3H well has a total measured depth of 13,570 feet, including a true vertical depth of 9,062 feet and a lateral length of 4,508 feet. A 20-stage open-hole completion system was run, and all 20 stages were opened to the well bore. The stages were frac treated with a total of 1.94 million pounds of sand. Flow-back on the well is currently taking place to clean out the lateral leg, and the load recovery is approximately 49.7%.

RMR owns approximately 32.5% working interest and 24.3% net revenue interest in the well.

Tags: Inc., Red Mountain Resources