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Northern Minerals & Exploration Ltd. Progress Report on the Three Oil and Gas Wells on the Coleman County Lease in Texas
Northern Minerals & Exploration Ltd. Progress Report on the Three Oil and Gas Wells on the Coleman County Lease in Texas.
About this update from Northern Minerals & Exploration Ltd.
[{"type":"text","content":"\nNorthern Minerals & Exploration Ltd. Progress Report on the Three Oil and Gas Wells on the Coleman County Lease in Texas\n\nNorthern Minerals & Exploration Ltd. Progress Report on the Three Oil and Gas Wells on the Coleman County Lease in Texas\n\nCISCO, TX--(Marketwired - July 21, 2015) - Northern Minerals & Exploration Ltd. (OTCQB: NMEX) (\"Northern\" or the \"Company\") Further to the Company's news release of April 9, 2015, Northern is pleased to report that it has successfully completed the re-work and/or re-completion of three oil and gas wells on the Coleman County lease in central Texas.The Coleman County 206.5 acre lease is located in a prolific multiple pay area originally discovered by ARCO in the early 1980s. The lease area has six known historic productive formations: Ellenburger (4,200'), Gray (3,850'), Gardner (3,700'), Jennings (3,600'), Upper Capps (3,450'), and Morris (3,400').One of the three wells on this Lease (the \"Concho Richey #1\") is a direct offset to a well on an adjoining lease that has produced more than 65,000 barrels and 160 million cubic feet of gas also from the Gray Sand formation. This offset well after 28 years of production is still producing an average of 6 barrels and 28 thousand cubic feet of gas per day.Well SummaryThe re-work on the J.E Richey #1 well consisted of replacing downhole equipment as needed and conducted an acid/xylene treatment to clean well bore the perforations and to stimulate the Gray Sand formation. This well is open in the Gray Sand formation. This well has tested positive for production of oil and gas and is ready to produce subject to getting the gas meter run installed. The re-work on the J.E Richey #3 well consisted of replacing downhole equipment as needed and conducted an acid/xylene treatment to clean out the well bore, the perforations and to stimulate both the Morris Sand and Gray Sand formations. This well is open in both the Morris Sand and Gray Sand formations. This well has tested positive for production of oil and gas and is ready to produce subject to getting the gas meter run installed. The re-completion of the Concho Richey #1 well consisted of replacing the downhole equipment as needed and sealing off the perforations in the Tannehill formation followed by perforating into the Gray Sand formation. A two stage process was initiated to s...