- Completed and put into production on December 23, 2011
- Oil and Gas flowing to sales
- At the request of the operator, flow rate data will not be published until it becomes part of the public regulatory filings made by the operator
- 3D Seismic supported
- Located in Lea County, New Mexico
The Company commenced the drilling of a re-entry well (the V-F Petroleum Uno Mas No. 1) on October 31, 2011, targeting the Mississippian Detrital formation in Lea County, New Mexico. The well was successfully reentered, perforated and swab flow tested the week of November 28 and the operator began fracture stimulation procedures on December 16. Flowback of fluids began shortly thereafter.
Natural gas sales lines were opened on December 23 followed by fluid flow to tanks. At the request of the operator, Victory Energy will not be publishing flow rate data until it becomes part of the public regulatory filings made by the operator. The re-entry is supported by 3D seismic.
The analogous oil and gas well used for the selection and development of Uno Mas has been on production for over 15 years. Total drilling and completion costs to the Company’s interest are expected to be approximately $160,000.
Kenny Hill, Victory Energy’s COO, stated, “We are thrilled with the successful completion and early results of this well. Our relationship with VF Petroleum continues to bring significant value to the Company and we look forward to the opportunity to participate in additional opportunities that they develop. Coupled with our success at Bootleg Canyon (formerly Tunis), this relationship has delivered two of the Company’s most impactful projects.”
The company, through its partnership with Aurora Energy Partners, holds a 10 percent working interest and a 7.5 percent net revenue interest.
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