Trans Energy Inc. (OTC: TENG) reports the 30-Day initial production results on the Doman #1H and Doman #2H in Marshall County, W.Va.
Initial 30-day production rates from the Doman #1H and Doman #2H averaged 6,421 thousand cubic feet equivalent per day and 5,567 thousand cubic feet equivalent per day, respectively. The two Doman horizontal wellbores are parallel to one another and were hydraulically stimulated using the same technique as the company used in its recent completions in Wetzel County. The effective lateral lengths that were hydraulically stimulated in the Doman #1H and the Doman #2H were 3,420 feet and 3,427 feet, respectively.
The 30-Day production rates have set new record for company's wells in Marshall County, according to the release.
When adjusted based on their effective lateral lengths, the average of the 30-day initial production rates from the Doman #1H and the Doman #2H is superior to the average of the comparable rates on either the Anderson or Dewhurst pad sites, which are the locations of the company's recent record setting wells in Wetzel County. The two previous best performing wells, located on those pads, had set company records for both actual and adjusted 30-day initial production rates.
The adjusted rates for the Doman #1H and the Doman #2H represent the second and fourth best 30-day initial production rates of any of the company's wells to date, and the adjusted average for the Doman pad site exceeds the average for either the Anderson or Dewhurst pad site, which had previously exhibited the company's best performance to date.
Trans Energy Inc. is an independent energy company engaged in the acquisition, exploration, development, exploitation, and production of oil and natural gas in West Virginia. The company is based in St. Marys, W.Va.