Exterra Energy Announces Successful Fracture Stimulation of RSK-Star #6 Well on June 18, 2008
Exterra Energy Inc. the successful fracture stimulation of the RSK-Star #6 well on June 18, 2008. The well is situated in Wise County, Texas, within the core area of the Newark, East Barnett Shale gas field of North Texas. On June 24th, the well commenced gas sales at 550 Mcf per day on a 24/64 choke. Production flow is up the casing due to tubing shortages. As of July 21st, gas sales have stabilized at approximately were 320 Mcf per day with a flowing casing pressure of 350 psi on a 30/64 choke. The installation of production tubing is planned which will allow the continued recovery of frac fluids and enhance the daily gas rates. Exterra Energy owns a 21.1% Working Interest (15.61% Net Revenue Interest) in the RSK-Star #6. The RSK-Star lease consists of 264.9 acres with six (6) producing Barnett Shale gas wells. Exterra owns varying working interest in each of those six producing wells. Three (3) additional Barnett Shale drill sites have been identified, which were delineated by a 3D seismic survey over the acreage.
