Quintanilla SMEF #1H was spudded on 16 October and drilled to a total depth of 16,458 ft.
Production facilities for this well and the Quintanilla SMEF #1H have been completed.
The SMEF will teach students how to become entrepreneurs, how to make a small business plan, and how to be involved in a project that can be realised immediately on the campus,'' said Parambi.
The SMEF also wishes to prepare the students to run a NAAMA Entrepreneurship Student Club themselves.
Texon's 7th Eagle Ford well (Texon-Quintanilla SMEF 1H) has been successfully fracced with 19 stages and will begin flow back operations later this week.
The Hoskins 3H and the Quintanilla SMEF 1H should both add to Texon's growing production volume by February and the Hoskins 4H should begin to contribute production late February-early March.
The Texon-Quintanilla SMEF 1H will now be fracced using the same crew that fracced the Hoskins EFS #3H well.
The Quintanilla SMEF 1H was the first Joint Venture well drilled in a project where Texon joined with offset lease owners to more efficiently develop acreage held by Texon and other parties.
The EFS Joint Venture ("EFS JV") announced at the EGM on 31 August is in the final stages of being documented and the first well, Quintanilla SMEF
#1H was spudded on 16 October 2012.
In the SMEF
laboratory building, strawberries are cultivated in a sealed environment under artificial light.