Followers | 83 |
Posts | 16211 |
Boards Moderated | 3 |
Alias Born | 12/02/2007 |
Wednesday, October 18, 2017 9:28:00 AM
CURRENTLY $7500 PER DAY (150 BARRELS PER DAY). AND THAT FIGURE WILL IMPROVE DRAMATICALLY ONCE THE REMAINING FRACK WATER IS REMOVED.
Torchlight Provides Update on its Flying B Ranch #3H Well
Marketwired MarketwiredOctober 18, 2017
PLANO, TX--(Marketwired - October 18, 2017) - Torchlight Energy Resources, Inc. (TRCH) (TRCH) ("Torchlight" or the "Company"), today provided an update to the flowback process underway on its Flying B Ranch #3H well. The initial barrels of load water to be recovered measured 318,000 and while early flowback was achieved without the assistance of a pump, the Operator placed the well on artificial lift employing an electric submersible pump (ESP) to decrease the load water recovery time based on initial rates. Currently the Company is producing ~2500 barrels of fluid per day and is experiencing increasing oil cuts and gas production with ~260,000 barrels of frac fluid remaining to be removed. Most recent measurements reflected an oil cut of roughly 6% reaching ~150 BO/d and 30 MCF/d. Following the flowback/clean-up process, Torchlight will test daily production over a measured period and report the extrapolated 24-hour initial production (IP) figure.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM