Osage Exploration and Development Inc. (OTCBB: OEDV) reports a one day peak initial production (IP) rate on the company’s horizontal Mississippian well in Logan County, Okla.
The well, Tontz 1-32H, had an IP rate of 642 barrels of oil equivalent. The product mix from the well, located in Section 32-17N-3W, contains 84% crude oil.
Osage owns 8.88% of the well, which is operated by Stephens Production Co.
Osage Exploration and Development Inc. an independent energy company engaged in the acquisition, development, production, and sale of oil, gas, and NGLs in Colombia and Oklahoma. The company is headquartered in San Diego.