Cubic Energy, Inc. issued an update on its oil and gas activities in Louisiana where the company is developing the Haynesville Shale formation on its acreage under lease.
Cubic Energy, Inc. reported that the Crow 8 No. 1 well produced 12.91 million cubic feet per day of natural gas during a 24 hour flow period. The well produced under approximately 7,300 pounds of casing pressure through a 0.34375 inch choke.
Cubic Energy, Inc. reported that the Crow 5 No. 1 Alt well produced 13.56 million cubic feet per day of natural gas during a 24 hour flow period. The well produced under approximately 7,200 pounds of casing pressure through a 0.34375 inch choke.
Cubic Energy, Inc. owns a 24% working interest in the Crow 8 No. 1 well and a 32.5% working interest in the Crow 5 No. 1 Alt well. Both wells are in the Bethany Longstreet Field located in Caddo Parish, Louisiana.
In DeSoto Parish, Louisiana, Cubic Energy, Inc. reported that the Fisher 20 No. 1 well was producing at a 24 hour flow rate of 13.632 million cubic feet per day of natural gas. The well was producing under 7,000 pounds of casing pressure through a 0.21875 inch choke. The company has a 0.6% working interest in the well.
For more information on the company, go to www.cubicenergyinc.com
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