The company said that it anticipates less than a three-year payback on this project.
Triple Diamond president Chris Jent said the company expected this year to yield positive results, and drilling of this well puts it well on its way.
The company targets Garvin County as a promising area for drilling, and in February, it announced the opening of a new office space with ample equipment storage just minutes from major drilling locations in the area.
US-based Triple Diamond is a privately owned and operated oil and gas exploration company.
