Pacific Energy Brings Third Niobrara Well On Production
March 7, 2013
Pacific Energy Development (OTCBB: PEDO) reports initial production from its third horizontal well in Weld County, Colo.
The Logan 2H well has tested at an initial production rate of 522 barrels of oil per day and 360 thousand cubic feet of gas per day (585 barrels of oil equivalent per day) from the Niobrara “B” Bench target zone. The well is operated by the company’s joint venture partner, Condor Energy Technology LLC.
Condor spudded the Logan 2H well on Nov. 30 and drilled to 12,911 feet measured depth (6,112 true ...
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