Gulf Coast Western Begins Horizontal Drilling Program in the Revitalized Buda Limestone Play
Summary
Dallas, TX, October 03, 2014 --( “This is a very promising start to our horizontal drilling program in this area,” said Gulf Coast Western CEO Matthew H. Fleeger.Future locations will be decided by our technical team, which is monitoring activity and results in the area and selecting the best drilling locations for our Buda development program.” Gulf Coast Western maintains a strategy focused on acquiring interests in prospects and properties that have excellent geological and geophysical attributes in well-developed structures, which provide significant return potential with quantified downside risk for our participating partners.Dallas, TX, October 03, 2014 --( PR.com )-- Dallas-based Gulf Coast Western, LLC announced today it has completed the drilling of its initial horizontal well in the Buda Limestone formation in Wilson County, Texas.1H well experienced substantial oil flow during drilling, at rates as high as 2860 BOPD, until the well reached total measured depth of 10,071 feet.Over an eight day drilling period, the well produced over 14,000 BO and was production tested on September 13, 2014 at a rate of 609 BOPD on a 16/64 choke.