The well is planned to be drilled to a total depth of 15,200ft and is a direct offset to Caza’s Matthys-McMillan gas unit #1 well. Drilling operations were commenced last week. The well is expected to take 60 days to drill and an additional 30 days to complete.
Caza is the operator of this well and has a 19.61% working interest and a corresponding 14.32% net revenue interest.
Mike Ford, CEO of Caza, said: “The Matthys-McMillan gas unit #2 is the second operated well in this field for Caza. Caza also recently participated with Forest Oil Corporation in the successful drilling and completion of the Dorothy Hite gas unit #3 well.
“The performance of the first two wells and recent improvements to natural gas prices have caused Caza to accelerate the drilling of this well, which is in line with the recent refocus on our activities in Texas and Louisiana.”
