HOUSTON, Nov. 10, 2017 /PRNewswire/ — Houston American Energy Corp. (NYSE American: HUSA) today announced that its Johnson #1H well (25% WI), a 4,510 foot lateral Upper Wolfcamp A well, in Reeves County has completed tie-in to a gas sales line and resumed production. The well was shut-in following completion pending construction of a seven-mile gas gathering line. The well is expected to reach a peak rate within the next thirty days.
John Boylan, Houston American’s CEO and Chairman, said, “We continue to move forward with our development project in Reeves County. With newly installed gas gathering and other infrastructure serving both our Johnson acreage and our O’Brien acreage, we expected future wells to benefit from both lower capex costs and a shortened time lapse from well completion to the commencement of sales. As we evaluate production results and continue to gain confidence in the area’s multi-zone prospectively, we are actively looking for nearby acquisition targets to grow our acreage position.”