Crimson Exploration Inc. (NasdaqGM: CXPO) announced the successful completion of the Payne #1H (92.1% WI), its sixth horizontal well targeting the Woodbine formation. The Payne tested at a gross initial production rate of 1,332 Boepd, or 1,128 barrels of oil, 112 barrels of natural gas liquids and 554 mcf of natural gas, on a 40/64th choke and 328 psi of tubing pressure. The well was drilled to a total measured depth of 16,130 feet, including a 7,460 foot lateral, and was completed using 26 stages of fracture stimulation.

The Payne ...