U.S. Energy Corp. Provides Operations Update For Buda Limestone Wells

U.S. Energy Corp. Has Non-Operated Interests in Dimmit and Zavala County Acreage
U.S. Energy Corp. Oil & Gas Project Area Map

U.S. Energy Corp. Oil & Gas Project Area Map | Click to Enlarge

This week, U.S Energy Corp. provided its operations update for several of it’s Zavala and Dimmit County wells targeting the Buda Limestone formation, which lies just underneath the Eagle Ford Shale. The Beeler #6H well, located in the company’s Booth-Tortuga acreage block, was completed in March 2014, and had a peak early 24-hour flow back rate of 1,185 boe/d, with a 91% oil yield. The company has a 30% working interest and a 22.5% net revenue interest in 12,457 acres of the Booth-Tortuga acreage block. Contango Oil & Gas Company is the operator.

U.S. Energy Corp. also participates with U.S. Enercorp in approximately 4,243 gross (636 net) acres in the Big Wells acreage block in Dimmit County, TX. The leasehold is contiguous to the southwestern portion of the Booth-Tortuga acreage block.

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Crimson Woodbine Well In Madison County Impresses

Also Testing The Buda Formation In Dimmit County
Crimson Woodbine Acreage Map

Crimson Woodbine Acreage Map | Click to Enlarge

Crimson’s latest Woodbine well came online at an impressive rate of production.

The Nevill-Mosley #1H came online at 1,164 boe/d or 1,021 b/d of oil and 77 b/d of NGLs, and 392 mcfd. The well was drilled 15,192 ft, including a 6,041 ft lateral, and was completed with a 22-stage fracture completion. [Read more…]