MIDLAND, Texas, Oct. 7, 2015 /PRNewswire/ -- Big Star Oil & Gas, LLC ("Big Star" or the "Company") today announced that its second Howard County Wolfcamp horizontal well, the Open Unit A2H, has been successfully brought on production at a peak daily rate of 1504 boepd (2-phase) and a peak 30-day average of 1321 boepd. Based upon data available to Big Star, the Open Unit A2H is the third best horizontal Wolfcamp A producer in the Permian Basin, coming in behind the company's recent Ryder Unit A2H and Pioneer Natural Resources' Sale Ranch 15B 2H. The Open Unit A2H has a productive lateral length of 7500', and was completed in 39-stages utilizing a total of 11.6 million pounds of proppant. The 30-day average production consists of 1190 bopd and 786 mcfd.
According to Stella Swanson, Big Star Partner and Vice President Land, the company has a number of nearby locations to be drilled. "The Open and Ryder are both in our 'Fairway' project area near Big Spring, Texas" said Swanson. "We have plans for an additional 34 Wolfcamp A wells in this contiguous acreage block, including the Masters Unit A1H which we recently drilled." The Masters Unit well will be completed in October and will have a productive lateral length of 8700'.
In addition to the Wolfcamp A the contiguous block also has reservoir-grade Lower Spraberry and Wolfcamp B shale. Big Star recently took core samples in the Middle Spraberry, which has been identified as a zone of interest by Diamondback Energy. Additionally, Endeavor Energy Resources operates a nearby Cline horizontal, the Guitar 1-4 1H. Including all five intervals "there could be more than 125 locations in this area," stated Swanson.
Big Star has identified over 250 gross development locations within the Wolfcamp A, Wolfcamp B, and Lower Spraberry shale horizons across its 13,000 net acres of Midland Basin leasehold, and is evaluating additional horizontal well development opportunities in the Middle Spraberry and Cline formations. The company is currently drilling its fifth Howard County horizontal shale well.
About Big Star Oil & Gas, LLC
Big Star Oil & Gas, LLC is a Midland, Texas based independent energy company whose primary area of operation is the eastern Midland Basin. Big Star is actively developing its lease position with horizontal Wolfcamp and Spraberry shale producers. The Company also has production on the Central Basin Platform in Ector and Crane Counties.
Media Inquires
Bradley C. Cross
(432) 687-4900 Main
(432) 687-4913 Fax
bcross@bigstaroil.com
www.bigstaroil.com
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SOURCE Big Star Oil & Gas, LLC
