Multi-stage hydraulic fracture stimulation operations were completed earlier this month on the Peeler Ranch No 1-H well, and initial flow back operations have commenced.
Approximately 1.8 million pounds of proppant were pumped during the work in 12 stages, and Doxa said its management is encouraged by the early indications of oil and gas production.
The Peeler Ranch No 1-H is a horizontal Eagle Ford well operated by US based Dewbre Petroleum.
The well was drilled to a total measured depth of 13,630′, with a total Eagle Ford in-zone lateral length of approximately 4,000′.
Subject to confirmation of commercially viable results on the Peeler Ranch No 1-H, Doxa anticipates that 10-14 gross wells could ultimately be drilled on this 2,005-acre project, under which it owns a 20% working interest along with a 15% net revenue interest.
