The company has said that the well began pumping with an initial production rate of two to three barrels per hour fluid recovery. The well is still pulling both oil and acid water out at a current ratio of 30-50% oil to water.
Joe Overcash, CEO of Mammoth Energy Group, said: The growth of the company is beginning to take off. Our first producing well is a big step for the company. We are confident that our other wells will produce at similar rates, which will significantly increase both revenues and net asset value for our shareholders.
