Tuesday, November 15, 2011

USEG Press Release -- Koufax 3-10 1H; 1,660 boepd -- The Bakken, North Dakota, USA

U.S. Energy Corp. today announced the successful completion of the Koufax 3-10 #1H well with Zavanna, LLC.  The Koufax 3-10 #1H well (file # 20478) was completed with 35 fracture stimulation stages and had an early 24-hour flow back rate of 1,660 boepd on a restricted choke during drillout of the plugs, which consisted of approximately 1,436 barrels of oil and 1,346 MCF of natural gas  (for newbies, it appears the oil/natural gas ratio that they are using is 6,009). The Koufax is located about six (6) miles southwest of Alexander.

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