Crimson Woodbine Well In Madison County Impresses

Crimson Woodbine Acreage Map
Crimson Woodbine Acreage Map

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.

Allan D. Keel, CEO, commented, “The initial success of the Nevill-Mosley further validates the quality of assets Crimson holds in the Woodbine formation.

Crimson has approximately 19,000 net acres in in Madison and Grimes counties targeting the Woodbine. The company estimates more than 490 remaining drilling locations remain. Wells have estimated EURs of 300-550 mmboe, with production weighted 75% or more to oil and NGLs. Average well costs are estimated at $7-7.5 million.

Crimson is also drilling a well, the Beeler #2H, in Dimmit County that is targeting the Buda formation.The well is being drilled to a total measured depth of more than 11,100 ft and will include approximately 4,000 ft of horizontal lateral. Production results are expected in May.

In late April, Crimson & Contango Oil & Gas announced a merger agreement. The new company will be known as Contango Oil & Gas

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