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Crimson, U.S. Energy Complete First Buda Well

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June 20, 2013

Crimson Exploration Inc. (Nasdaq: CXPO) and U.S. Energy Corp. (Nasdaq: USEG) have successfully completed the Beeler #2H (50% working interest) well in Dimmit County, Texas, targeting the Buda formation.

The well was completed at a gross 24-hour initial production rate of 859 barrels of oil equivalent per day, or 761 barrels of oil, 56 barrels of NGLs and 253 thousand cubic feet of natural gas, on a 25/64th choke. The well averaged a gross 30-day production rate of 797 barrels of oil equivalent per day. The Beeler #2H is the ...

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