CAMARILLO, Calif. -- BNK Petroleum Inc. has announced that the Company has finished the fracture stimulation of the Glenn 16-2H well in the Company’s Tishomingo field, in the SCOOP area of Oklahoma.
The Glenn 16-2H well was fracture stimulated with 10.7 million pounds of proppant and had 33 stages successfully stimulated. Flowback is expected later this week, after the plugs have been drilled out and the completion string is run. Production rates will be announced once stabilized rates have been obtained.
Wolf Regener, president and CEO commented, “Our team continued its exceptional execution with the Glenn 16-2H well fracture stimulation. With 33 stages successfully stimulated, and hydrocarbon shows recorded while drilling that look comparable to our best wells, we are looking forward to the flowback and production results.
In addition, total cost for the well is projected to be less than the targeted $5.7 million budget and we expect the same for the WLC 14-2H well.
"We believe this well will continue to demonstrate the repeatability of our results and increase our reserves and cash flow.” Regener said.