Lynden Energy Corp., Vancouver, BC, will participate in 37 gross (15.6 net) wells on its West Texas Wolfberry project in calendar 2012, up from the 31 gross (13 net) wells previously planned. Twenty wells remain to be spudded.
Production net to Lynden before royalties has averaged 900 b/d of oil equivalent for the past 10 days, including 2 days in excess of 1,000 boe/d. Net production after royalties averaged 700 boe/day. The output is from 37 gross (15.77 net) vertical Wolfberry wells and is 65% oil and 35% gas and gas liquids.
An important contributor to this production growth is a recently drilled well in the Wind Farms Prospect Area that performed considerably above expectations. The well had a 30-day initial gross production averaging 176 b/d of oil and 565 Mcfd of gas and in the last 10 of the 30 days averaged 250 b/d and 999 Mcfd. Lynden has a 43.75% working interest in the well before royalties.
The Wolfberry project covers 18,413 gross and 16,493 net acres, equivalent to 6,509 acres net to Lynden.
