Global Leader in International Production Industry News

posted in:

CRCL completes drilling of second well in Trego County, Kansas

Friday, Feb 08, 2013

Circle Star Energy Corp. (OTCBB: CRCL)provided an operational update regarding their second operated well, the Lynd 36-2, in Trego County, Kansas. The well has reached target depth of 4,100 feet. Based on drill stem tests and electric log analysis, the well has encountered multiple potential oil bearing reservoirs. Completion of the well will commence later this month.

“The analysis of data gathered during the drilling and testing process is very promising. We look forward to completing the well and reporting a production rate as soon as it is available.”

CRCL CEO Jeff Johnson stated, “The analysis of data gathered during the drilling and testing process is very promising. We look forward to completing the well and reporting a production rate as soon as it is available.”

Trego County is the site of several major oil discoveries since the 1920s; in its history, the area has cumulatively produced 67,012,964bbls. CRCL operates the well and owns a 25% working interest and a 20% net revenue interest until payout of the Trego County well. Upon payout, CRCL will convert to a 43.75% working interest and a 35% net revenue interest after payout.

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Production News

Drilling and production update 18-04-2014
Dejour sees 60% increase in net production at Woodrush 16-04-2014
Oil and gas drilling and production brought to life 15-04-2014
Platform P-20 resumes production 09-04-2014
Gastar Exploration announces Marcellus shale production temporarily interrupted due to rupture of third party-operated pipeline 09-04-2014
Petrobras starts-up third well at SapinhoĆ” field and registers a new monthly production record in the pre-salt 07-04-2014
Production March 2014 07-04-2014
New Zealand Energy reports 2013 year-end reserves and production update 03-04-2014
Drilling permit for well 7324/7-2 in production licence 537 03-04-2014
CANADIAN NATURAL RESOURCES LIMITED COMPLETES THE ACQUISITION OF CERTAIN CANADIAN ASSETS OF DEVON CANADA 02-04-2014