HOUSTON, Feb. 5, 2019 /PRNewswire/ — Rocky Creek Resources, sponsored by certain investment funds managed by Juniper Capital Advisors, L.P. and operated by Boomtown Oil, LLC, is pleased to announce a record-setting Lavaca County well, the Shiner 1H, and the commencement of its 2019 Drilling program.
The Shiner 1H was completed in the Lower Eagle Ford formation, with a completed lateral length of 8,550′, a total measured depth of 21,840′ and a true vertical depth of 12,320′. 120-day cumulative production was approximately 249 MBOE (77% liquids), for an IP-120 of 2,070 BOE/D (242 BOE/D per 1,000′ of lateral). The Shiner 1H is the third well drilled and completed in the Eagle Ford play by the Boomtown Oil team.
“Even after 120 days online, the Shiner well continues to naturally flow at a rate of 900 Bbls/day of oil, 3.8 Mmcf/day of gas, and 490 Bbls/day of NGLs with over 3600 PSI flowing tubing pressure, exhibiting a very shallow decline in both pressure and production. Boomtown’s other completions in the Upper Eagle Ford, the Kloesel 1H and Five Star 1H, have also exhibited very shallow declines and continue to exceed type curve. We think these three wells really showcase the multi-bench potential of our 26,000 net acre leasehold,” said Sean Fitzgerald, Partner at Boomtown Oil.
“We are continuing development of our long-lateral, greenfield position in the play based upon the strength of the three wells we have drilled to date. Rocky Creek has a rig scheduled to arrive next month to further delineate its position and materially grow its production and cash flow,” said Michael Rozenfeld, Partner at Boomtown Oil.
Rocky Creek’s acreage position is adjacent to some of the largest and most active operators in the Eagle Ford play, including Marathon Oil Corporation (MRO), EOG Resources (EOG), ConocoPhillips (COP), Penn Virginia (PVAC), Devon (DVN), BP (BP), and privately-held Teal Natural Resources.
“We are excited to see our neighboring operators, Penn Virginia, ConocoPhillips and Teal Natural Resources, continuing development adjacent to our position,” said Hakim Benhammou, Partner at Boomtown Oil. “We look forward to the continued expansion of this new core area in the Eagle Ford shale.”
Rocky Creek Resources, LLC is operated by Boomtown Oil and is a joint investment between investment funds sponsored by Juniper Capital Advisors, Boomtown Oil, and Delago Resources. Rocky Creek Resources is focused on identifying, acquiring, and developing crude oil and natural gas assets targeting the Eagle Ford and Austin Chalk formations in Lavaca and DeWitt Counties.
Boomtown Oil is a Houston-based, privately-owned company with operations targeting the Eagle Ford and Austin Chalk formations of South Texas, as well as the Codell and Niobrara formations in the northern DJ Basin in Wyoming and Colorado. Boomtown operates the second largest contiguous acreage position in Lavaca County and the largest privately-held acreage position in the DJ Basin. Boomtown Oil is based in Houston, Texas, and is managed by Michael Rozenfeld, Sean Fitzgerald, and Hakim Benhammou. For additional information, please visit https://www.boomtownoil.com/
Juniper Capital Advisors, L.P. is an investment advisor registered with the United States Securities and Exchange Commission. Together with its affiliates, Juniper provides private equity capital to middle-market oil and gas companies located primarily in the continental United States. As of December 31, 2018, Juniper and its affiliates had in excess of $1.2 billion in assets under management. For additional information, please visit http://www.juncap.com/.
SOURCE Boomtown Oil