Thoroughbred Ventures, a Texas based oil and gas investment firm has received initial production rates of two new STACK Play wells that it owns a non-operating working interest in, located in the world-class Anadarko Basin.
Thoroughbred partnered with Continental Resources Inc. (NYSE: CLR) to drill both the Rockin Dobbin 1-23-14-11XHM and Zettie 1-23-26XHM wells from a multi-well drill pad to test the Mississippian Meramec formation in Custer County Oklahoma.
The Rockin Dobbin well was drilled to a total measured depth of 25,281’ and reached a peak initial production rate of 17,796 MCF of Gas and 216 Bbls of Oil per day. The Zettie well was drilled to a total measured depth of 20,281’ and reached a peak initial production rate of 21,049 MCF of Gas and just over 100 Bbls of Oil per day.
The company’President and CEO Trent Davis said: “We are pleased to reveal these latest production results from our non-operated working interest wells in the STACK Play. We continue to see outstanding results from the wells that we have participated in, confirming our view that the Anadarko Basin SCOOP and STACK Plays are among the very best oil and gas resource plays in the US”.
Since first entering the SCOOP and STACK play several years ago, Thoroughbred and its partners have acquired interests in more than 25 horizontal wells across Grady, Kingfisher, Canadian, Custer and Garvin Counties and to date have seen very impressive results. A good number of those have been operated by Continental Resources.