The company participated as to a 22% interest in the recompletion of the well, targeting the Bol Mex sand in the Lower Frio, which showed multiple apparent pay zones in logs and core at a depth of about 8,700ft.
Following perforation of the well bore and the installation of a gravel pack at the targeted zone depth, the formation began producing fluids under high pressure at a rate of about 500-600bpd, though hydrocarbons were not present in the produced fluids.
The Matagorda Bay recompletion project includes about 1,600 acres and consists of Texas State Blocks 127, 150 and the north half of Block 151.
It includes three existing well bores, an existing seven-mile pipeline to shore and an onshore oil/gas handling facility.
