We are very excited about the geological review and the potential oil in reserve; this well is an offset to eight wells on this lease, which have demonstrated great results in the past, producing nearly 700,000 barrels of oil to date.
Seguin, Texas (PRWEB) February 07, 2015
Richard Gouin, CEO of Weatherby Energy, LLC, (the "Company" or "Weatherby"), announced today that the Company has spud the Bain No. 11W a vertical well in Wilson County, Texas. The Bain No. 11W is the second vertical offset well in a 3 well project, the Wilson Garvin Prospect.
A drilling location was chosen and the survey was obtained prior to the Company receiving the farmout agreement. "The new well will test both the Buda Limestone and Austin Chalk formations for light sweet crude oil at a total depth of roughly 4500 feet," Mr. Gouin stated.
Management anticipates reaching total depth in roughly 7 days to test the Buda Limestone formation. Completion operations should occur the fourth week of Feburary 2015. Once total depth has been reached we will rig down and move immediately to the other offset well on the lease the Bain No. 12w.
“We are very excited about the geological review and the potential oil in reserve; this well is an offset to eight wells on this lease, which have demonstrated great results in the past, producing nearly 700,000 barrels of oil to date.” Mr. Gouin stated.
For more information on this and other activities of the Company, see the Weatherby Energy website at http://www.weatherbyenergy.com
About Weatherby Energy.
The Gouin family has been operating for three generations to apply state-of-the-art petroleum and natural gas exploration and extraction technology to the development of onshore oil and natural gas projects. Weatherby operates primarily in Oklahoma and Texas.
This press release contains forward-looking statements with respect Weatherby Energy, LLC, and matters concerning the business, operations, strategy, and financial performance of Weatherby. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the estimates and projections regarding the properties are realized. Forward-looking statements are based on a number of assumptions, which may prove to be incorrect. Unless otherwise stated, all forward looking statements speak only as of the date of this press release and Weatherby does not undertake any obligation to update such statements except as required by law.
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Media Contact: Simon Goldberg at info(at)weatherbyenergy(dot)com