Crimson Exploration announces first Buda formation oil discovery

US-based Crimson Exploration has announced the successful completion of the Beeler #2H well in Dimmit County in Texas, US, at the rate of 859 barrels of oil equivalent per day (Boepd).

The discovery has a gross 24-hour initial production rate of 761 barrels of oil, 56 barrels of natural gas liquids and 253,000ft³ of natural gas on a 25/64th choke.

The well was drilled to a total measured depth of 11,013ft, with a 3,700ft lateral and completed open hole, without fracture stimulation.

It is Crimson’s first well targeting the Buda formation in Dimmit County, Texas. The firm currently has about 10,140 gross acres prospective for the Buda formation.

Crimson CEO Allan D Keel said that the company will delineate the discovery and spud its second Buda well in mid-July.

"We anticipate continued delineation across our leasehold dependent upon the results we see," he added.

Crimson performs exploitation, exploration, development and acquisition of crude oil and natural gas in the onshore Gulf Coast regions of the US. It currently has approximately 95,000 net acres onshore in Texas, Louisiana, Colorado, and Mississippi.

In April 2013, Crimson Exploration announced that it had commenced production at the Mosley B #1H Woodbine oil well, located in Madison County, Texas, US.

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Image: Crimson Exploration has commenced production at the Beeler #2H well at Dimmit County in Texas, US. Photo: courtesy of Alan Murray-Rust.