DALLAS, Oct. 13, 2015 /PRNewswire/ -- Patriot Energy, Inc. announces its Thoroughbred #1 well, now completed in the Permian Basin, exhibits significant pay zones in the Albaugh, Triple M and Upper Wolfcamp formations.
Open hole logs indicated approximately 125 feet of productive formation in each of the aforementioned zones, with the lowest zone from approximately 5,200 feet down to 5,340 containing about 130 feet of likely commercially productive carbonate.
The well was completed to an approximate depth of 8,400 feet. Following the successful logging report, production casing was run and the well will await multiple stage fracking at a date to be determined.
"The pay zones that reflected in the Albaugh, Triple M were especially beyond what we initially anticipated," says Michael Miller, Patriot Energy President. "We knew from our other wells in the area about what to expect, but this finger had especially prolific depth of pay zones in those primary formations, plus several others in the Upper Wolfcamp. We are very pleased with the results of the logging. We will now move toward the fracking and completion phase as soon as possible."
Patriot Energy has two other wells in production on the lease acreage.
To view a video on the Thoroughbred #1, click here.
About Patriot Energy, Inc.
Patriot Energy, Inc. is a private, independent oil and gas company specializing in working interests and royalty interests for private accredited investors. Based in Dallas, Texas, Patriot Energy is engaged in the development of high-probability, lower risk onshore oil and gas properties. The Company's growth strategy primarily relies on leveraging management's technical and operations expertise to offer non-operating working interests and royalty interests to accredited investors and institutions. Patriot Energy is currently focusing in the Permian Basin of Texas. Additional information is available at http://www.patriotenergy.com/.
MEDIA CONTACT: Thomas Miller, VP Communications, 469-453-7000
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SOURCE Patriot Energy, Inc.