The Badger well flowed at an initial 30-day production rate of 275 BOEPD
The East Piatu field, which commenced production in early 2012, is today producing 15,000 BOEPD gross (9,000 BOEPD net) and phase II development drilling is underway.
Uteland Butte and Wasatch assessment programs yield high-rate oil wells; Company sets record production rate of approximately 36,000 BOEPD gross, 25,000 BOEPD net in the Uinta Basin
3% higher as compared to production of 1,071 net BOEPD for the quarter ended December 31, 2009 and 6.
Production increased from 46 BOEPD for the second quarter ending December 31, 2009 to 69 BOEPD for the Current Quarter without the benefit of selling any natural gas liquids ("NGLs").
Saratoga expects production to exceed pre-drill stabilized estimates of net 470 BOEPD
with 88% oil versus gas.
Average daily production increased from 1,169 BOEPD in the second quarter to 1,534 BOEPD.
The 19 new wells in production are currently averaging more than 50 BOEPD per well.
Lonestar recorded oil and gas production of 5,600 BOEPD
in the month of October, 2014, representing a record for the Company, and an increase of 20% over production reported today for the third quarter of 2014.
Net production at the Cato Properties for the Current Quarter was 250 BOEPD
, which was 50 BOEPD
lower as compared to 300 BOEPD
for the quarter ended September 30, 2009.
The Catina well began production on August 29, 2011, and, as of October 31, 2011, was producing approximately 609 BOEPD
gross (475 BOEPD
net) on a 14/64" choke with flowing tubing pressure (FTP) of 2600 psi.
Lonestar is also pleased to report that the well achieved Max-30 day production rates of 610 bopd and 313 Mcfgpd, equating to a processed three-stream rates of 682 BOEPD
on a 20/64" choke.