SOURCE: Streetwise Reports

Streetwise Reports

August 04, 2017 08:45 ET

Streetwise Reports Examines How Horizontal Well in Permian Basin was Completed

SAN FRANCISCO, CA--(Marketwired - August 04, 2017) - A high-growth oil and gas exploration and production company drilled the first horizontal well on its Permian Basin acreage.

Included in this article is: Torchlight Energy Resources Inc. (NASDAQ: TRCH)

Torchlight Energy Resources Inc. completed the drilling stage of the Flying B Ranch #3H well. The company announced on July 18 that the "horizontal leg at Total Depth was ~8,300 feet in the Wolfcamp A Bench. Preliminary indications from mud log and gamma ray MWD readings indicated a consistent exposure to the planned pay zone over the entire length of the lateral."

The company also stated that it plans to "employ a 25 stage frac over a 5,000-foot section of the lateral wellbore where casing was successfully set and cemented in place. Frac design will be consistent with the latest technology being utilized by others in the Midland Basin."

Torchlight's project geologist, Rich Masterson, said, "We have managed to stay in zone and the logs indicate that we should be able to frac this well in a manner consistent with other Midland Basin wells targeting the Wolfcamp A interval. We encountered good shows of oil in the samples and good gas on the mud log chromatograph."

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DISCLOSURE:

Dallas Salazar: I, or members of my family or household or company (ATLAS Consulting), own greater than 1% but less than 5% of the outstanding shares of the following companies mentioned in this interview: Torchlight Energy Resources Inc. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None.

Torchlight Energy Resources Inc. is a billboard sponsor of Streetwise Reports. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.

The full disclosure is provided at the end of the published article: Horizontal Well in Permian Basin Completed

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